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Swiss Regulations Pose Threat to Stake F1 Team's Partnership

Cataleya

February 08, 2024 · 1 min read

Swiss Regulations Pose Threat to Stake F1 Team's Partnership

Other Sports | February 08, 2024

Stake asserts that its new F1 team name is "above board" despite hints of a possible legal challenge. (Image: Stake F1 Team)

Stake F1 Team’s lavish car launch at London’s Guildhall has raised concerns about potential fines for breaching Swiss regulations on online gaming and betting advertising. Switzerland like many countries prohibits the advertising of such institutions.

The partnership between Stake and the Sauber team now Stake F1 Team has reportedly crossed the line into unauthorized advertising risking a fine of 500,000 Swiss francs.

A Stake spokesperson reassured that they are in contact with the Swiss Commission following regulations and consider the situation routine citing examples of other teams modifying liveries for compliance such as Williams with alcohol advertising bans.