TORONTO, Jan. 18, 2025 (GLOBE NEWSWIRE) — Rivalry Corp . Company or Rivalry) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), a leading sportsbook and iGaming operator for digital players, today announced that it has added US President-elect Donald Trump’s official cryptocurrency ˜$TRUMP’ as an accepted payment method.
Ahead of the US Presidential Inauguration on January 20th, Rivalry users can now place and bet using $TRUMP, a cryptocurrency on the Solana blockchain that currently has a fully discounted value of over $30 billion. The addition of $TRUMP as a payment method on Rivalry comes less than 24 hours after the president-elect launched the cryptocurrency on Friday night.
Meme coins are monetized by attention, and the release of $TRUMP just days before the inauguration is a quintessential moment fueled by the Internet and crypto culture that allowed it to eclipse $30 billion in a completely undervalued value shortly after its debut, said Steven Salz, co-founder and CEO of Rivalry. The rapid implementation of $TRUMP as a deposit method in less than 24 hours is a testament to our ability to recognize and build on these universal cultural moments, embed them into our core crypto gambling experience, and deliver first-of-its-kind experiences to our users.
In addition, Rivalry customers who bet on-site with $TRUMP will receive exclusive rewards until February 1, 2025 in recognition of the upcoming presidential inauguration, including multiplying the amount of NUTZ “native company token” players earn on each bets for 20x, reflecting the inauguration on Monday, January 20, 2025.
In addition to accepting $TRUMP, along with a number of other major cryptocurrencies as part of Rivalry’s crypto-first approach, the Company has permanent treasury funds of various major cryptocurrencies and meme coins that it accepts as a deposit option. The company will continue to add additional cryptocurrencies as needed to support its player base and continued expansion into the crypto gambling segment.
$TRUMP as a payment method will be available to Rivalry users in jurisdictions subject to Isle of Man license only.
About Rivalry
Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sports betting and media company offering fully regulated online esports, traditional sports and casino betting for the digital generation. Headquartered in Toronto, Rivalry operates a global team in over 20 countries and growing. Rivalry Limited has been licensed for the Isle of Man since 2018, which is considered one of the leading online gambling jurisdictions, as well as registered for online gaming in Ontario, and is currently in the process of obtaining additional licenses for the state. With world-class creative execution and brand positioning in online culture, a native crypto token and demonstrated market leadership among digital first adopters, Rivalry is shaping the future of online gambling for the born-on-the-internet generation.
No stock exchange, securities commission or other regulatory body has approved or disapproved of the information contained herein. Neither the TSX Venture Exchange nor its regulatory service provider (as that term is defined in the TSX Venture Exchange Rules) accepts responsibility for the adequacy or accuracy of this press release.
Company contact:
Steven Salz, Co-Founder and CEO
ss@rivalry.com
Contact for investors:
investors@rivalry.com
Media contact:
Cody Luongo, Communications Manager
cody@rivalry.com
203-947-1936
Cautionary note regarding forward-looking information and statements
This press release contains certain forward-looking information within the meaning of applicable Canadian securities laws (forward-looking statements). All statements other than statements of current or historical facts are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as anticipate, achieve, could, believe, plan, intend, target, continuing, ongoing, estimate, outlook, expect, project and similar words, including negatives, suggesting future outcomes or that certain events or conditions may or will occur. These statements are predictions only.
Forward-looking statements are based on the opinions and estimates of the Company’s management as of the date the statements were made based on information then available to the Company. Various factors and assumptions apply in reaching conclusions or making predictions or projections contained in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown variables, risks and uncertainties, many of which are beyond the Company’s control, which may cause the Company’s actual performance and results to differ materially from any projected future performance or results expressed or implied. such forward-looking statements. Such factors include, among others, regulatory or policy changes such as changes in applicable laws and regulations; ability to obtain and maintain necessary licenses; the esports and sports betting industry is a highly regulated industry; the complex regulatory environment evolving for the online gaming and online gambling industry; the success of esports and other betting products is not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; a company that has a limited operating history; negative cash flow from operations; operational risks; cyber security risks; reliance on management; reliance on third parties and third party networks; exchange rate risks; risks associated with cryptocurrency transactions; risk of infringement of intellectual property rights or invalid claims; the effect of capital market conditions and other factors on the availability of capital; competition, including more established or better funded competitors; and general economic, market and business conditions. For additional risks, see the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2024 under the heading Risk Factors and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.
No assurance can be given that the expectations expressed in the forward-looking statements will prove to be correct. Although the forward-looking statements contained in this press release are based on what the Company’s management believes or at the time believed to be reasonable assumptions, the Company cannot assure stockholders that actual results will be consistent with such forward-looking statements. the future, as there may be other factors that cause results not to be as expected, estimated or planned. Readers should not place undue reliance on the forward-looking statements and information contained in this press release. Forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update any forward-looking information and/or forward-looking statements. futures contained or referred to herein, except in accordance with applicable securities laws.
Source: Rivalry Corp.
Source: Rivalry Corp.
