Premier League crypto partner Sorare has been accused by the UK's Gambling Commission of providing unlicensed gambling services. The commission alleges that Sorare is offering gambling facilities without an operating license, which is a violation of the Gambling Act 2005. However, Sorare, a fantasy league football game that uses the Ethereum blockchain, disputes this claim and argues that the law has been misapplied. The firm denies being a gambling product under UK laws and has instructed its UK counsel to challenge the allegations. The Gambling Commission began its investigation into the $4.3 billion company in 2021. Sorare sponsors several Champions League football teams, and the commission's decision to charge the company is relatively rare.
- Content Editor ( protos.com )
- 2024-09-26
Premier League crypto sponsor Sorare accused of unlicensed gambling in UK