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Daman Markets is making history as the first broker to partner with Dubai Racing Club (DRC) for the 2024-25 season, marking a significant milestone in UAE racing. The groundbreaking deal was sealed at Meydan Racecourse, home to the prestigious Dubai World Cup.
The partnership is set to revolutionise the sport through cutting-edge initiatives, including pioneering horse tokenization for crypto-enthusiasts. A luxurious VIP suite has been unveiled at the racecourse, offering an exclusive sanctuary for industry luminaries to network whilst enjoying world-class racing.
The Dubai World Cup, first run in 1996, has seen champions like Dubai Millennium, Thunder Snow and Country Grammer grace its winners' enclosure. Thunder Snow made history by becoming the only dual winner in 2018 and 2019, while Country Grammer's 2022 victory brought legendary trainer Bob Baffert his fourth win in the US$12 million showpiece.
Samer Mourched, CEO of Daman Markets, speaking at the signing ceremony, said: "We are honored to be the first broker to sponsor this sport in the UAE. Horse racing is deeply rooted in the country's cultural heritage, and at the same time, has marked Dubai as a global hub for the sport. With this partnership, we aim to reflect our strong ties to the region and look forward to connecting with people on a deeper level through this iconic sport."
The sentiment was echoed by HE Ali Al Ali, CEO of Dubai Racing Club, who added: "Our partnership with Daman Markets represents a significant step forward. It marks a promising direction for our collaboration with a clear goal—to introduce something fresh and transformative to the market. This partnership not only aims to broaden our product offerings but also seeks to redefine how ownership in the racing industry can be experienced, making it more accessible and innovative."
The partnership builds on Daman Securities' 27-year legacy in the UAE and GCC region. Their recent strategic alliance with Advanced Markets has led to the creation of Daman Markets as an independent entity, promising enhanced pricing transparency and superior execution speeds for their clientele.
The VIP suite, a cornerstone of the partnership, offers exclusive access to racing personalities, gourmet hospitality, and bespoke experiences, cementing Dubai's position as a global racing powerhouse.