{"id":72,"date":"2024-06-13T07:48:41","date_gmt":"2024-06-13T04:48:41","guid":{"rendered":"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/13\/arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion\/"},"modified":"2024-06-17T13:16:25","modified_gmt":"2024-06-17T10:16:25","slug":"arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion","status":"publish","type":"post","link":"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/13\/arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion\/","title":{"rendered":"Arsenal Loses Appeal Against UK Advertising Watchdog Over Fan Token Promotion"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/dhNQgHBD2kM\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>The UKs Advertising Standards Authority (ASA) has stood by its initial judgment against Arsenal Football Club\u2019s promotional drive for their fan token, rejecting all appeals.<\/p>\n<p>The promotional content, featured on Arsenal\u2019s Facebook page and website in August, was cited for inadequacies in three significant areas.  These concerns revolved around a cryptocurrency product known as \u201cArsenal Fan Tokens,\u201d which the ASA determined were being promoted in a misleading and irresponsible manner.<\/p>\n<p>First, the ASA found all advertisements irresponsible for failing to acknowledge consumer unfamiliarity with cryptocurrency and minimizing the inherent risks of such investments.  Second, the watchdog highlighted that the advertisements were deceptive in not adequately conveying the investment risks.  Third, the ASA deemed the advertisements misleading for not explicitly stating that the promoted tokens were cryptoassets, only obtainable by creating an account and trading them using another cryptocurrency that required purchase. <\/p>\n<p>Arsenal, collaborating with fan token provider Socios, contested the ASA\u2019s rulings on all three points.  The football club\u2019s defense emphasized that \u201cfan tokens are utility tokens intended to foster fan engagement and are therefore fundamentally different from cryptocurrencies like Bitcoin, which are virtual currencies designed to function as a payment method\u2026\u201d. <\/p>\n<p>The Gunners drew flak for promotions showcasing supporter tokens, with governing bodies contending that the team minimized the hazards tied to digital currency ventures. Although Arsenal insisted their intended viewers were well-versed in the crypto sphere and the tokens granted fans input on club matters, the Advertising Standards Authority (ASA) dissented. The ASA stressed that the advertisements clearly entailed financial participation and that Arsenal had insufficiently underscored the possible drawbacks. Consequently, the promotions were prohibited, and the team was cautioned to exercise greater accountability in subsequent campaigns. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UKs Advertising Standards Authority (ASA) has stood by its initial judgment against Arsenal Football Club\u2019s promotional drive for their fan token, rejecting all appeals. The promotional content, featured on Arsenal\u2019s Facebook page and website in August, was cited for inadequacies in three significant areas. These concerns revolved around a cryptocurrency product known as \u201cArsenal [&hellip;]<\/p>\n","protected":false},"author":68,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arsenal Fan Token Promo Slammed by UK Watchdog as Misleading<\/title>\n<meta name=\"description\" content=\"The UK\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/13\/arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arsenal Loses Appeal Against UK Advertising Watchdog Over Fan Token Promotion\" \/>\n<meta property=\"og:description\" content=\"The UK\" \/>\n<meta property=\"og:url\" content=\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/13\/arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion\/\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Dreams Become Reality | Secure &amp; Licensed Games\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T04:48:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:16:25+00:00\" \/>\n<meta name=\"author\" content=\"Grayson &quot;Gizmo&quot; Welch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Grayson &quot;Gizmo&quot; Welch\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/13\/arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion\/\",\"url\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/13\/arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion\/\",\"name\":\"Arsenal Fan Token Promo Slammed by UK Watchdog as Misleading\",\"isPartOf\":{\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-13T04:48:41+00:00\",\"dateModified\":\"2024-06-17T10:16:25+00:00\",\"author\":{\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/#\/schema\/person\/0a91986f9a87beb4cb70aff7858092a4\"},\"description\":\"The UK\",\"breadcrumb\":{\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/13\/arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/13\/arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/13\/arsenal-loses-appeal-against-uk-advertising-watchdog-over-fan-token-promotion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/clubplayernodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arsenal Loses Appeal Against UK Advertising Watchdog Over Fan Token Promotion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/clubplayernodepositbonuscodes.icu\/\",\"name\":\"Where Casino Dreams Become Reality | Secure &amp; Licensed Games\",\"description\":\"Unlock the secrets of casino success through our fresh news, honest game reviews, and informative insights. 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