Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Sorare charged with unlicensed gambling service in UK
TRADING NEWS

Sorare charged with unlicensed gambling service in UK

By Crypto FlexsSeptember 29, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Sorare charged with unlicensed gambling service in UK
Share
Facebook Twitter LinkedIn Pinterest Email
  • The UK Gambling Commission charged Sorare with providing unlicensed gambling services.
  • The UK Gambling Commission has been investigating Sorare for three years.
  • Sorare has denied wrongdoing, claiming it is not a gambling platform under UK law.

The UK Gambling Commission has taken legal action against blockchain-based fantasy sports platform ‘Sorare’ on charges of operating an unlicensed gambling facility.

France-based Sorare offers non-fungible tokens (NFTs) tied to fantasy sports teams and athlete collectibles. Following the Gambling Commission’s move, the platform is set to appear in a UK court on October 4.

The Gambling Commission launched an investigation into Sorare in October 2021 but has kept its findings largely private.

As of July 2023, the Commission has not made its conclusions public and has instead indicated that it will engage in further dialogue with operators and third parties before reaching a final ruling.

The upcoming legal battle marks the culmination of nearly three years of regulatory scrutiny.

What is Sorare?

Founded in 2018, Sorare allows users to collect and trade digital cards in the form of NFTs. These cards represent real athletes, and users can create fantasy teams to compete based on the players’ real-life performances.

The platform covers a variety of sports, including soccer, basketball, and baseball. Player performance in real games directly impacts fantasy teams, allowing the platform to interact with users.

Sorare’s NFT cards can be traded or sold, sometimes reaching values ​​of hundreds of thousands of dollars.

Sorare denied any wrongdoing.

In response to the charges, Sorare categorically denied any wrongdoing.

In a public statement released by a company spokesperson, Sorare claimed it was not a gambling platform under UK law and accused the Gambling Commission of misinterpreting its business model.

“We categorically deny any claim that Sorare is a gambling product under UK law,” a spokesperson said, as quoted by The Guardian. “The Commission misunderstood our business and mistakenly believed that gambling laws applied to Sorar.”

Sorare has faced legal challenges before, including a similar case in France. In this case, the company reached a settlement before the matter went to court.

Initially, Sorare only accepted cryptocurrency payments for transactions within its platform. However, in 2023, the company expanded its payment options to include traditional fiat currencies in an effort to increase user adoption.

The outcome of the UK case could have significant implications for Sorare and the wider NFT gaming industry, which continues to blur the lines between collectibles, gaming and gambling.


Share this article

Category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How to solve the XPL perp defect

September 26, 2025

Are you doing a fair deal?

September 25, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Curve DAO Defies $0.43 Resistance in 7-Day Green Streak

May 12, 2024

Trust Wallet – wBTC and zero balance

March 9, 2024

R0AR’s $1R0R Token Roars Onto MEXC Exchange, Expanding DeFi Accessibility

July 2, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.