BlockBeats news, on September 28, the UK Gambling Commission accused Web3 fantasy sports company Sorare of providing unlicensed betting facilities. The French company will appear in a British court on October 4.
British media quoted Sorare’s response as saying: “We are aware of the Gambling Commission’s allegations and have instructed our UK lawyers to challenge them. We strongly deny any claim that Sorare is a gambling product under UK law. The Commission has misunderstood our business. , wrongly concluded that gambling laws apply to Sorare.”
Sorare offers collectible digital cards in the form of NFTs. Players can compete with the fantasy teams they have built in NFT, and the performance of athletes will be judged based on their real-world activities that week. The overall success of a player’s team is tracked through points. Players can compete in European football, baseball, and basketball tournaments.