Fantasy Sports Company Sorare Charged With Providing Unlicensed Gambling Facilities in U.K.
Summary
Sorare, a fantasy sports company, faces charges in the U.K. for providing unlicensed gambling facilities, marking the Gambling Commission's first action against a blockchain-based platform. Sorare operates fantasy games using NFTs and has partnerships with major sports leagues like the English Premier League and Germany's Bundesliga. The company is required to appear in Birmingham Magistrates’ Court on October 4. This case follows a three-year inquiry and could set a precedent for regulating Web3 firms. Sorare denies the allegations, claiming a misunderstanding of its business model by the Commission.
