Sorare Accused of Unlicensed Gambling by UK Gambling Commission
Web3 football game Sorare is facing serious allegations of unlicensed gambling from the UK Gambling Commission, as reported by Foresight News. The commission claims that Sorare has offered gambling facilities without the necessary operating license, potentially violating the 2005 Gambling Act. A court hearing regarding the matter is set for October 4.
In response to the allegations, Sorare has firmly contested the claims, arguing that the UK Gambling Commission has misinterpreted its business model. The company 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.”
Sorare operates as a football fantasy league game on the Ethereum blockchain, enabling players to trade football cards. This situation underscores the ongoing complexities surrounding regulations in the rapidly evolving Web3 gaming landscape.