#SORARE

Pinsent Masons

France’s gambling regulations should be updated for the 21st century

The increasing prevalence of gambling and betting in the daily lives of French citizens has presented French legislators with an opportunity to revise the regulatory framework. According to a comprehensive report (115 pages / 2.75MB PDF) published by the Cour des Comptes, the French gambling sector continues to grow. Today, almost half of French…

Law ・ 04 November 2023

iGaming Business

France considers online casino amendments to digital bill

The bill calls for the regulation of "games with monetisable digital objects", which it names JONUM. This is defined in article 15 of the bill. If passed, the bill would regulate web3 products like those powering Sorare and Socios, such as non-fungible tokens (NFTs). Article 15 was subject to a number of proposed amendments. Many of these…

Law ・ 21 September 2023

Startup Guys

Defying Crypto Winter: Transaction Volume Strong in Crypto Casinos

The cryptocurrency market has faced its fair share of challenges in recent years, with the prolonged "crypto winter" of 2022 resulting in the collapse of several major players, such as LUNA, Celsius, and FTX. Despite these struggles, certain sectors within the crypto industry have managed to thrive, including online crypto casinos. One such casino,…

Crypto ・ 27 February 2023

European Gaming

At the request of the French national gambling authority (ANJ), SORARE undertakes to evolve its gaming offer, pending adaptation of the legislation

In-depth discussions have been underway since March between the ANJ and SORARE regarding the tournaments that the company organises using the virtual cards it issues and markets. At its meeting at the end of September, the ANJ Board considered that the serious doubts regarding the legislation on gambling that this part of the offer raised justified…

Law ・ 21 November 2022

Wild Casino

$5,000 Welcome Bonus

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Sifted

Is Sorare a gambling game, and what would that mean for the company?

Football fantasy trading game Sorare has leveraged blockchain technology to make some big bucks. The startup's fantasy sports game, which lets users trade and build teams with collectible player cards, is already generating more than €150m in annual revenue, earning it a $4.3bn valuation at its last funding round. But Sorare's early romp into the…

Gaming Authorities ・ 25 August 2022

Business 2 Community

Best Play to Earn Games in April 2022

Play to earn games make use of blockchain technology and give players the opportunity to generate crypto rewards for their skill and effort. In this guide, we review the 12 best play to earn games in 2022. This covers core metrics focusing on gameplay features, supported devices, what rewards you can earn, and how you can get started today. It's no…

Innovation ・ 14 April 2022

Gambling Insider

Ask the expert Q & A: Why the definition of gambling is more important than ever

In-Depth Legal & Regulatory 21 Dec 2021 By Gambling Insider The gambling industry is an ever-evolving sector. Consumer habits, technological advances and influential regulatory changes act to reshape and redefine gambling in this country on a continual basis. This is a sector where new tech drives innovation - we only have to look at the rise of…

Gaming Authorities ・ 21 December 2021

Yogonet

Slotegrator analyzes blockchain, NFT uses and future in iGaming

iGaming aggregator and software provider Slotegrator has issued a new analytical article to provide a deep analysis of blockchain-based solutions applied to iGaming, which are quickly breaking ground when it comes to payment systems, regulatory compliance, and gaming itself. The company notes that there is a common assumption that blockchain and…

Crypto ・ 21 December 2021

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SBC News

Sorare backs its non-gambling status under UKGC evaluation

Sorare has issued a response to the UK Gambling Commission (UKGC) placing its blockchain fantasy football platform under investigation. Yesterday the UKGC issued a warning, alerting the public that Sorare (Sorare.com) did not maintain a UK gambling licence. The Commission confirmed that it was evaluating Sorare's fantasy football game and digital…

Gaming Authorities ・ 13 October 2021

Market Screener

Softbank-Backed Sorare Faces Scrutiny From UK, Swiss Gambling Regulators

Sorare, a blockchain-based fantasy soccer game based on nonfungible tokens, is facing scrutiny from gambling regulators in the U.K. and Switzerland shortly after finalizing a $680 million funding round led by SoftBank Corp. The U.K. Gambling Commission recently said that it is carrying out enquiries into the company to establish whether Sorare…

Law ・ 13 October 2021

The Block

UK gambling regulator is looking into NFT fantasy soccer league Sorare

Sorare, a fantasy soccer platform dealing in non-fungible tokens (NFTs), is facing scrutiny from the United Kingdom's gambling watchdog. A consumer information notice from the UK Gambling Commission clarified that the platform is not licensed by the regulator. "This means that any activity completed on the site by consumers in Great Britain is…

Law ・ 12 October 2021

European Gaming

Sorare to Be Investigated Because of Unlicensed Gambling Platform

As a result of an unlicensed gambling platform, Sorare will be investigated. Sorare is currently under investigation by the UK Gambling Commission because it does not have a gambling license to operate in the country. The Gambling Commission will look into whether Sorare needs a gambling license and whether the business is legal or not. The…

Law ・ 12 October 2021

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Vegas Slots Online

UK Gambling Commission Investigates Unlicensed NFT Site

Regulatory body the UK Gambling Commission (UKGC) has issued a warning to the general public regarding a French company called Sorare. The firm's website, which allows users to purchase non-fungible tokens (NFTs) relating to soccer plays, has launched in the UK market without a gambling license. The UKGC took to Twitter on Friday last week to share…

Gaming Authorities ・ 12 October 2021

CoinDesk

Soccer NFT Platform Sorare Is Being Investigated by UK Gambling Regulator

Sorare, the fast-growing European fantasy soccer and digital collectible platform, is being investigated by the U.K. Gambling Commission. The gambling watchdog of the United Kingdom warned in a consumer information notice dated Oct. 8 that Sorare's business operates "outside of the gambling regulations that a licensed operator should comply with"…

Law ・ 11 October 2021