Soccer NFT Platform Sorare Is Being Investigated by UK Gambling Regulator

Posted on by American Coins & Gold

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” and that consumers are advised to take this into account when deciding whether or not to use the platform.The notice goes on to say that the Gambling Commission is looking into whether Sorare should be required to have a gambling license or if its services don’t actually constitute gambling.While the company…