đ¨ **Breaking News in Blockchain and Crypto!** đ¨
Sorare, a blockchain-based fantasy sports company, has been charged with providing unlicensed gambling facilities in the U.K. This marks the Gambling Commission's first action against a blockchain platform, potentially setting a precedent for future Web3 regulations.
- **Who is Sorare?** A fantasy sports company from France, offering soccer, basketball, and baseball games using NFTs.
- **What's the issue?** The U.K. Gambling Commission claims Sorare needs a gambling license.
- **What's next?** Sorare will appear in Birmingham Magistratesâ Court on Oct. 4.
Sorare denies the charges, stating the Commission has misunderstood their business model. What do you think? Is this a sign of stricter crypto regulations to come? Share your thoughts in the comments! đŹ