I'm not so sure - I'm pretty sure the deal is 'unless you are free-to-air, you can't have exclusive rights, only broadcast rights'.What they say on their website is:
”Complementing broadcaster partnerships, the America’s Cup will also make extensive live coverage, race highlights and clips available online for free”
I think that means that if someone doesn’t buy the rights in your country, you can watch for free. However, if someone has bought the rights (below), access will be determined by them.
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GD has been pretty emphatic that no one should have to pay to watch, from *anywhere*.