LIMASSOL, Cyprus & HINWIL, Switzerland--(BUSINESS WIRE)--Feb 20, 2025--
Libertex, one of the leading online brokers, is proud to announce a groundbreaking multi-year partnership with KICK Sauber F1 Team, becoming the team's Official Online Trading Partner. This collaboration signifies a new era in Libertex’s dedication to performance, precision, and innovation, aligning seamlessly with the exhilarating world of Formula One as KICK Sauber F1 Team prepares to transition into the Audi F1 factory team from the 2026 season.
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The partnership between Libertex and KICK Sauber F1 Team is a natural synergy driven by a shared ethos of high performance, precision, and an ambition-fuelled push towards the top. Just as an F1 team fine-tunes every element of its car to gain a competitive edge, Libertex refines its technology and strategy to empower traders with speed, efficiency, and seamless execution. Success in both arenas demands raw power, strategic adaptability, and relentless pursuit of excellence. This collaboration embodies shared commitment, propelling innovation and performance to the highest level.
Proud of this new partnership, Marios Chailis, Chief Marketing Officer of Libertex Group, stated: “Formula One is more than just a sport; it’s a showcase of resilience, innovation, and the pursuit of excellence, qualities that resonate deeply with Libertex’s core values. This partnership is a natural fit, combining two worlds driven by precision, speed, and strategic mastery. We’re thrilled to join forces with KICK Sauber F1 Team as we push boundaries and create history together”.
As KICK Sauber F1 Team prepares for the upcoming 2025 Formula One season, this partnership positions Libertex at the heart of a sport that epitomizes the pinnacle of human achievement and technological innovation. With dynamic activations planned for marquee European races such as the Monaco Grand Prix, this partnership will showcase a shared commitment to performance, precision, and innovation. Through collaborative initiatives, Libertex and KICK Sauber F1 Team will explore new ways to enhance operational efficiency, technological advancement, and strategic execution in their respective fields.
“We are delighted to welcome Libertex to our team,”Stefano Battiston, Chief Commercial Officer of Sauber Motorsport noted, adding: “Libertex’s reputation for innovation and excellence aligns perfectly with the values of our team. In Formula One, success is built on precision, performance, and a relentless drive for progress—qualities that we see reflected in Libertex’s approach. This partnership is more than just a collaboration; it is a shared commitment to excellence, innovation, and the pursuit of greatness, both on and off the track.”
Monaco Grand Prix: Prelude to a game-changing partnership
Libertex hinted at its intention to enter Formula One through a monumental partnership during the Monaco Grand Prix in 2024, where it co-hosted the Ultimate F1 Superyacht party. This exclusive event brought together high-profile investors, celebrities, and motorsport enthusiasts, epitomising the synergy between high finance and high-speed racing. From the Libertex-branded Bugatti Chiron to the luxurious “Seven Sins” superyacht, the event showcased the brand’s sophistication and innovative spirit, leaving a lasting impression on all attendees.
Libertex’s legacy in elite sports partnerships
This partnership underscores Libertex’s expanding footprint in global sports, marking its first foray into high-performance motorsport. By collaborating with KICK Sauber F1 Team, Libertex aligns with an organisation that exemplifies precision, agility, and the relentless pursuit of excellence. Beyond Formula One, Libertex’s presence in elite football, including its current partnership with FC Bayern, further reflects its commitment to engaging with world-class teams that push boundaries and set new standards in their respective fields.
With this new partnership, Libertex is poised to accelerate its brand visibility and impact on a global scale. Whether it’s the track's adrenaline or the financial markets' intensity, Libertex and KICK Sauber F1 Team aim to fuel ambition while redefining what it means to excel in high-stakes environments.
About Libertex
Part of the Libertex Group, Libertex is an online broker offering tradable CFDs with underlying assets being commodities, Forex, ETFs, cryptocurrencies, and others. Libertex also offers investments in real stocks. Over the years, Libertex has received multiple prestigious awards and recognitions, including “Global CFD Broker of the Year” (PAN Finance, 2024), “Most Trusted Broker” (European CEO, 2024) and “Best Trading Experience” (Ultimate Fintech, 2023). A firm believer in the power of sports to inspire, empower and push for success, Libertex is the Official Online Trading Partner of KICK Sauber F1 Team and FC Bayern. Since being founded in 1997, the Libertex Group has grown into a robust fintech powerhouse with an established presence in various jurisdictions, serving millions of clients from several countries all over the world. In Europe the Libertex trading platform is operated by Indication Investments Ltd., a Cyprus Investment Firm regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF License number 164/12.
For more information about Libertex visit www.libertex.com
(Photo: Libertex)
The Virginia Supreme Court on Friday struck down a voter-approved Democratic congressional redistricting plan, delivering another major setback to the party in a nationwide battle against Republicans for an edge in this year's midterm elections.
The court ruled 4-3 that the state's Democratic-led legislature violated procedural requirements when it placed the constitutional amendment on the ballot to authorize the mid-decade redistricting. Voters narrowly approved the amendment April 21, but the court's ruling renders the results of that vote meaningless.
Writing for the majority, Justice D. Arthur Kelsey wrote that the legislature submitted the proposed constitutional amendment to voters “in an unprecedented manner.”
“This violation irreparably undermines the integrity of the resulting referendum vote and renders it null and void," he wrote.
Democrats had hoped to win as many as four additional U.S. House seats under Virginia's redrawn U.S. House map as part of an attempt to offset Republican redistricting done elsewhere at the urging of President Donald Trump. That ruling, combined with a recent U.S. Supreme Court decision severely weakening the Voting Rights Act, has supercharged the Republicans' congressional gerrymandering advantage heading into this year's midterm elections.
Richard Hudson, chairman of the National Republican Congressional Committee said the ruling was another sign of GOP momentum heading into the midterms.
"We’re on offense, and we’re going to win,” he said in a statement.
Don Scott, the Democratic speaker of the Virginia House of Delegates, said Democrats respect the court’s opinion but lamented that it overturned the will of the voters: “They voted YES because they wanted to fight back against the Trump power grab.”
Suzan DelBene, chairwoman of the Democratic Congressional Campaign Committee, criticized the court majority for what she said was a decision that “cast aside the will of the voters,” but she said the people will have the final say.
“In November, they will, and they’ll power Democrats to the House majority,” she said in a statement.
Legislative voting districts typically are redrawn once a decade after each census to account for population changes. But Trump started an unusual flurry of mid-decade redistricting last year when he encouraged Republican officials in Texas to redraw districts in a bid to win several additional U.S. House seats and hold on to their party's narrow majority in the midterm elections.
California responded with new voter-approved districts drawn to Democrats' advantage, and Utah's top court imposed a new congressional map that also helps Democrats. Meanwhile, Republicans stand to gain from new House districts passed in Florida, Missouri, North Carolina, Ohio and Tennessee. They could add even more after the U.S. Supreme Court's ruling in the Voting Rights Act case, which has prompted some other Republican states to consider redrawing their maps in time for this year’s elections.
Virginia currently is represented in the U.S. House by six Democrats and five Republicans who were elected from districts imposed by a court after a bipartisan redistricting commission failed to agree on a map after the 2020 census. The new districts could have given Democrats an improved chance to win all but one of the state's 11 congressional seats.
The Supreme Court's majority was critical of the state’s redrawing of the congressional maps to benefit one political party. Those justices noted that 47% of the state’s voters supported GOP congressional candidates in 2024 but the new map could result in Democrats making up 91% of the state’s House delegation.
Under the Democratic-drawn map, five districts would have been anchored in the Democratic stronghold of northern Virginia, including one stretching out like a lobster to consume Republican-leaning rural areas. Revisions to four other districts across Richmond, southern Virginia and Hampton Roads would have diluted the voting power of conservative blocs in those areas. And a reshaped district in parts of western Virginia would have lumped together three Democratic-leaning college towns to offset other Republican voters.
The state Supreme Court’s seven justices are appointed by the state legislature, which has toggled back and forth between Democratic, Republican and split control over recent years. Legal experts say the body doesn’t have a set ideological profile
The case before the court focused not on the shape of the new districts but rather on the process the General Assembly used to authorize them.
Because the state’s redistricting commission was established by a voter-approved constitutional amendment, lawmakers had to propose an amendment to redraw the districts. That required approval of a resolution in two separate legislative sessions, with a state election sandwiched in between, to place the amendment on the ballot.
The legislature’s initial approval of the amendment occurred last October — while early voting was underway but before it concluded on the day of the general election. The legislature’s second vote on the amendment occurred after a new legislative session began in January. Lawmakers also approved a separate bill in February laying out the new districts, subject to voter approval of the constitutional amendment.
Judicial arguments focused on whether the legislature’s initial approval of the amendment came too late, because early voting already had begun for the 2025 general election.
Attorney Matthew Seligman, who defended the legislature, argued that the “election” should be defined narrowly to mean the Tuesday of the general election. In that case, the legislature’s first vote on the redistricting amendment occurred before the election and was constitutional, he told judges.
But, the Supreme Court said in its ruling, “this view appears to be wholly unprecedented in Virginia’s history.”
An attorney for the plaintiffs, Thomas McCarthy, argued that an “election” should be interpreted to cover the entire period during which people can cast ballots, which lasts several weeks in Virginia. If that’s the case, he told justices, then the legislature’s initial endorsement of the redistricting amendment came too late to comply with the state constitution.
The Supreme Court agreed with that argument, writing: “The General Assembly passed the proposed constitutional amendment for the first time well after voters had begun casting ballots during the 2025 general election.”
By the time lawmakers initially endorsed the constitutional amendment, statewide voters already had cast more than 1.3 million ballots in the general election, about 40% of the total votes ultimately cast, the court said.
The Supreme Court’s ruling affirms a decision by a judge in rural Tazewell County, in southwestern Virginia. The court had placed a hold on that ruling and allowed the redistricting vote to proceed before hearing arguments on the case.
In the dissent to Friday's ruling, Chief Justice Cleo Powell said the election for the purpose of considering the amendment does not include the early voting period.
“The majority’s definition creates an infinite voting loop that appears to have no established beginning,” she wrote, “only a definitive end: Election Day.”
Attorney Matthew Seligman, representing Democratic state legislators, speaks with the media following a hearing on new congressional maps before the state Supreme Court in Richmond, Va., on Monday, April 27, 2026. (AP Photo/Allen G. Breed)
State Senate Minority Leader Ryan McDougle, center, speaks outside the Supreme Court of Virginia after arguments were heard in a redistricting-related case at the court in Richmond, Va., on Monday, April 27, 2026. (AP Photo/Allen G. Breed)
