UK Gambling Commission Investigates Unlicensed NFT Site
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UK Gambling Commission is investigating a French company called Sorare. The company's website allows users to purchase non-fungible tokens (NFTs) relating to soccer plays without a gambling license. UK G gambling commission warns the general public to be careful before signing up with the company.
UK Gambling Commission is investigating an unlicensed NFT site. Sorare claims its services do not constitute any form of regulated gambling. The company offers NFSs for some of Europe's most popular soccer teams. It increased its value to around $4.3bn in September after raising $680m in a second round of investment.
UK Gambling Commission is investigating unlicensed NFT site. UKGC wants to avoid a similar situation to that of Football Index. Jersey-based company had a UK operating license but it collapsed in March this year. Some users received their money back, but others lost out.
