Vegas Golden Knights Reverse Course, Cancel Deal With Mexico-Based Tout

Posted on February 24, 2021 - Last Updated on February 27, 2021
Vegas Golden Knights
Posted By on February 24, 2021
Last Updated on February 27, 2021

The Golden Knights announced they have ended their partnership with Guadalajara-based UpickTrade.

That’s all we know, though. The many questions created by the deal, which saw the Las Vegas-based NHL team become the first professional US sports team to sign a partnership with a tout service, will not be answered, at least for now according to the team:

“The Vegas Golden Knights have ended their sponsorship agreement with UpickTrade. The organization will not have additional comments on the matter at this time.”

The team announced the multi-year agreement Thursday when the UpickTrade website still read “Make a Living Off of Sports!” That’s now been replaced with “Your Sports Betting Strategy” but claims that it’s possible to make a living off sports with their service still remain on the site.

As of Saturday afternoon, UpickTrade still had sidebar ads claiming to be an official sponsor of the Golden Knights on multiple pages of its site.

Details of the now-canceled tout deal with the Vegas Golden Knights

The agreement includes an unspecified in-game feature and in-arena branding. The team will also feature the brand on its web and social platforms.

“We are thrilled to partner with UpickTrade.com and become the first professional sports franchise to partner with a sports recommendation service,” said Golden Knights VP of Global Partnerships Mike Mungiello. “We are hopeful our fanbase will make UpickTrade.com a part of their sports pick betting process.”

UpickTrade CEO Carlos Lazo Reyes – whose website opens with a banner that says “Make a Living Off of Sports!” – called the partnership a “historic moment in the sports betting world.”

Why did Vegas Golden Knights partner with a tout?

LSR reached out to both the NHL and the Vegas Golden Knights for more information and for comments on the agreement. It took until Saturday to get an official on-the-record response.

That could be because both organizations were inundated with media requests following the announcement. Most reactions to the agreement were less-than-flattering across social media.

Sports betting Twitter unites against agreement

Sports betting Twitter rarely unites to agree on one topic. A professional US team partnering with a tout service seemed to be the bridge to connect all sides.

Details on UpickTrade

The Guadalajara-based company doesn’t include a ton of information on its website.

UpickTrade launched in December 2017 and has had more than 6,000 clients worldwide who “changed their perspective and are now making a living off of sports,” according to the website.

The tout charges $89 a month per league for its services. Users can select either recommended picks or data that lets them make their own picks.

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Matthew Waters

Matthew Waters is a reporter covering legal sports betting and the gambling industry. Previous stops include Fantini Research and various freelance jobs covering professional and amateur sports in Delaware and the Philadelphia area.

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