London - Formula One has announced a sponsorship and data rights deal that it said will enable the development of live in-play betting.
"As part of the deal, ISG (Interregional Sports Group) will have the right to sub-license betting partnership rights to select betting brands around the world, subject to regulations," Formula One said in a statement, without providing financial details.
It said that would include regionalised branded on-screen graphics, physical and virtual trackside signage and integration across F1’s digital and social platforms.
The Financial Times said ISG would pay an upfront fee to Liberty and recoup that money through separate deals with gambling sponsors.
The partnership also involves Sportradar Integrity Services to help ISG and gambling companies use the data to create markets and spot any suspicious betting patterns.