Business

Ronaldo Is Hawking One of the World’s Riskiest Derivatives

  • Real Madrid star partners with Cyprus-based online brokerage
  • CFD firms targeting soccer clubs as EU considers clampdown
Illustration: Patrik Mollwing for Bloomberg Businessweek
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Last month, Cristiano Ronaldo sent a short message to his 59 million Twitter followers.

“Happy with my new partnership with @EXNESS,” the Real Madrid striker and world’s most famous soccer star wrote. He also retweeted a statement from a firm called Exness Group, in which he praised how it “gives back to the world,” offers the “highest quality of services” and fosters a “socially conscious culture.”