đšđšUK Gambling Commission Charges Sorare with Operating Unlicensed Gambling Facilitiesđšđš
The UK Gambling Commission has officially charged Sorare, the French fantasy sports and NFT trading platform, with operating unlicensed gambling facilities. This significant legal action marks a rare regulatory move by the British agency, with Sorare set to respond in court on October 4th. Known for its blockchain-based fantasy sports contests where players use NFTs, Sorare allows participants to form teams using digital player cards and compete based on real-world performances.
Despite Sorare's firm stance, denying the allegations as a misunderstanding of their business model under UK law, the Gambling Commission's scrutiny has been long-standing. The investigation, which began in October 2021, enters a critical phase as Sorare faces similar legal challenges it previously encountered and settled in France. This case not only raises questions about the regulatory landscape for crypto-related offerings in sports but also sets a precedent on how such innovative digital platforms might be treated under traditional gambling laws.
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