The Women’s Premier League is set to begin on March 4.
The Board of Control for Cricket in India (BCCI) has prohibited all five Women’s Premier League franchises from affiliating with any cryptocurrency or blockchain branding during the inaugural WPL 2023 season.
The BCCI clarified that franchises associating in any way with fantasy sports platforms will be unaffected, but only if there is no involvement of any kind of gambling, betting, cryptocurrencies, real money, or tobacco sectors.
“No Franchisee shall enter into a partnership or any other type of association with an entity that is in any way connected/related to an entity that is involved/operates in the betting/gambling/real money gaming/tobacco sector, either directly or indirectly. Franchisees may form alliances with entities in the fantasy sports industry “BCCI stated
The BCCI has directed all WPL franchisees to submit copies of all commercial agreements ten days before the start of the tournament, which is set to take place from March 4 to March 26, 2023. The BCCI referred to this as a Commercial Workbook because it was so elaborately explained.
“The franchisees should provide full details of the rights and benefits that will be utilised by their sponsors not less than 10 days before the start of the season, as per the franchise commercial deliverables sheet, which will be shared by the BCCI,” according to the statement.
Furthermore, strict instructions in the lengthy 68-page advisory strictly demanded that WPL franchisees maintain the sanctity of the statement with full honesty and also practise it to the fullest, failure to which will result in the undertaking of severe action.
“No Franchisee shall enter into a partnership or any other type of association with an entity that is in any way connected/related to an entity that is involved/operates in the cryptocurrency sector, either directly or indirectly. As a result, any contractual agreement with any blockchain service provider, fan tokens, or collectibles that are directly or indirectly related to the cryptocurrency sector are prohibited by the WPL. These guidelines are part of the WPL regulations, and any violations will be dealt with in accordance with the provisions of Section 6 of the Operational Rules. Any violations of the Clothing and Equipment Regulations will be dealt with in accordance with the Disciplinary process “According to the BCCI.