Stand Up for Investors' Right to Know – Say No to Dumping Sell-Offs! [RootData Bounty Campaign]
API Download the RootData App

Web3 football game Sorare has been accused of unlicensed gambling by the UK Gambling Commission

Sep 27, 2024 13:50:52

Share to

ChainCatcher news, according to Protos, the Web3 football game Sorare has been accused by the UK Gambling Commission of operating without a license.

The Commission stated today: "Sorare is accused of providing gambling facilities without holding an operating license, which violates the Gambling Act 2005. A court hearing is scheduled for October 4."

The company disputes the accusation, claiming that the law is being misapplied. Sorare stated: "The Commission has misunderstood our business and incorrectly believes that gambling laws apply to Sorare. We firmly deny any claims that Sorare is a gambling product under UK law."

It is reported that Sorare is a football fantasy league game utilizing the Ethereum blockchain, allowing players to trade football cards.

Recent Fundraising

More
$35M Dec 24
$2M Dec 24
$1M Dec 24

New Tokens

More
Dec 23
Dec 20

Latest Updates on 𝕏

More
Dec 23
Dec 23