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Farage’s Reform UK gets biggest donation ever from crypto billionaire: Reports

Ben Delo, co-founder of BitMEX, donated almost $50 million to Nigel Farage’s Reform UK party.

Farage’s Reform UK gets biggest donation ever from crypto billionaire: Reports

Nigel Farage's Reform UK party has received a substantial £36 million donation from crypto billionaire Ben Delo, providing the populist leader with a significant financial advantage as he aims to win the UK's next general election. This single donation is the largest ever given to a political party in the UK, surpassing the £9 million gift Reform UK received from another crypto investor, Christopher Harborne, in 2025.

Delo, who has been one of Reform UK's largest donors, stated his intention to provide the party with a level playing field for the upcoming general election. With this donation, Reform UK has raised five times more money than the Conservative party and six times more than Labour in 2026, according to The Telegraph. Despite leading the polls since April 2025, Reform UK has recently fallen slightly behind Labour, with Prime Minister Andy Burnham now in charge following a peculiar by-election where Farage defeated a satirical candidate, Count Binface.

Delo argued in an opinion piece for The Telegraph that the financial injection is necessary to ensure a fair contest. The far-right force is currently preparing for the election, as there are speculations that Burnham might trigger an early general election, though one is not scheduled until 2029. Reform UK is actively searching for potential candidates to run for Parliament, currently having only around 100 star candidates deemed prepared to contest.

Both Reform UK and its leader, Nigel Farage, have faced scrutiny over recent years concerning donations and how they have reported them. The party is currently under investigation by the Metropolitan Police for allegedly breaking foreign funding laws.

Written by urgent.news from Politico EU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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