Tag Archives: Sorare

NFT fantasy betting operator accounts reveal worrying state of one-time French unicorn’s finances Despite a bevvy of superstar footballers linked to its project, the NFT-powered fantasy betting operator Sorare is struggling to survive as a going concern. An investigation by the French press outlet L’Informé reveals that the group’s revenues, in other words the commission fees it has recorded from …

Fantasy sport crypto platform Sorare has pleaded not guilty after the UK Gambling Commission (UKGC) accused the company of unlicensed gambling activity in the UK.  Earlier last week, the UKGC accused the football-themed NFT platform – partner of the Premier League – of breaching the Gambling Act 2005 by “providing facilities for gambling without holding an operating licence”. Sorare immediately …

France’s gambling regulator Autorité Nationale des Jeux (ANJ) has placed reducing excessive gambling and the protection of minors at the heart of its 2024-26 strategic plan and has called on all economic and institutional stakeholders to work alongside it to reach those targets. ANJ’s plan marks the end of its first cycle of regulation since it succeeded ARJEL as industry …

Sports entertainment company Sorare has announced a four-year digital card partnership with the English Premier League.  The agreement will allow the platform to release collectibles of players from all 20 English top-flight clubs as part of its free-to-play online fantasy football game. Nicolas Julia, CEO and Co-Founder of Sorare, commented: “The Premier League is a truly global competition and has …

Sorare, the collectable NFT football game, will expand free-to-play access on its platform in response to concerns by French gambling authority l’Autorité Nationale des Jeux (ANJ). Since March, ANJ had scrutinised Sorare due to concerns about its NFT platform’s legibility to maintain customer protections, underage gaming and money laundering risks.  Founded in 2018, Sorare is an Ethereum blockchain-built football game …

The US’ NBA and National Basketball Players Association (NBPA) have announced a partnership with blockchain-based fantasy sports platform Sorare. As the Official NFT Fantasy Partner of the NBA under the terms of the multi-year partnership, Sorare will develop a free-to-play digital collectible-based fantasy basketball game for the league. The Sorare: NBA product will be launched this winter ahead of the …

In tandem with an expansion of its transatlantic operations, EPIC Risk Management has reported success in its founding country. The gambling harm minimisation consultancy detailed that during the 2021/22 financial year it reached a total of 34,759 students across UK schools and colleges with educational material, funded independently without industry contributions. Of this total, 13,821 students across 84 state schools …

NFTs are infiltrating numerous industries, with both major sports leagues and betting companies increasingly drawn towards the emerging digital assets, although this has not gone unnoticed by regulators. Shortly after assuming his position as Head of Sales at Sorare, the providers of an NFT-based digital fantasy football platform, Dan Sormaz discussed sports’ engagement with the blockchain with Insider Sport, whilst …

Fantasy football platform Sorare has entered into a partnership with SEON, leveraging the latter’s solutions to detect fraud within its referral programme. The agreement will see Sorare utilise SEON’s onboarding monitoring, device fingerprinting and tailored risk rules offerings to identify and prevent referral fraud and protect its Non-Fungible Token portfolio. Solutions included under the terms of the partnership include Email …

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 collectables platform with regards to whether the business was …