U.S. markets closed
  • S&P 500

    4,473.75
    -6.95 (-0.16%)
     
  • Dow 30

    34,751.32
    -63.07 (-0.18%)
     
  • Nasdaq

    15,181.92
    +20.39 (+0.13%)
     
  • Russell 2000

    2,232.91
    -1.54 (-0.07%)
     
  • Crude Oil

    72.60
    -0.01 (-0.01%)
     
  • Gold

    1,754.00
    -40.80 (-2.27%)
     
  • Silver

    22.93
    -0.87 (-3.66%)
     
  • EUR/USD

    1.1774
    -0.0052 (-0.44%)
     
  • 10-Yr Bond

    1.3310
    +0.0270 (+2.07%)
     
  • GBP/USD

    1.3796
    -0.0040 (-0.29%)
     
  • USD/JPY

    109.7190
    +0.3590 (+0.33%)
     
  • BTC-USD

    47,377.51
    -645.38 (-1.34%)
     
  • CMC Crypto 200

    1,214.98
    -18.31 (-1.48%)
     
  • FTSE 100

    7,027.48
    +10.99 (+0.16%)
     
  • Nikkei 225

    30,323.34
    -188.37 (-0.62%)
     

$100K in Bitcoin Up for Grabs as FTX’s MLB Team-Up Advances

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Crypto exchange FTX’s sponsorship deal with Major League Baseball (MLB) has advanced to giving away free bitcoin

FTX and MLB struck a baseball deal in June that involves FTX branding appearing on all umpire uniforms starting at the All-Star Game in Denver on July 13.

Now, in a new twist, the two firms have announced a competition called “MLB Moonblasts Pick ‘Em.” The winner will receive $100,000 worth of bitcoin or cash if they can predict which player will hit the longest home run during the rest of the season. The competition ends Saturday at 2:00 p.m. ET and is open to U.S. residents only.

Related: US Derivatives Traders Are Easily Bypassing Blocks on Offshore Exchanges: Report

In March, FTX secured the naming rights to the home arena of National Basketball Association team Miami Heat for a reported $135 million.

FTX’s MLB sponsorship and their bitcoin giveaway is another sign of the increasing integration of the cryptocurrency industry into mainstream sports. 

Earlier Saturday, FTX CEO Sam Bankman-Fried tweeted that the exchange has become the first cryptocurrency derivatives exchange to receive a U.S. GAAP audit.

Related Stories