NFT Fantasy Soccer Game Under Investigation By UK Gambling Commission

A UK gambling watchdog is trying to determine whether or not Sorare should be required to have a gambling license.


UK Gambling Commission in Birmingham; Source: Shutterstock


key takeaways

  • Sorare denied any allegations of regulated gambling on its platform on Tuesday
  • The company closed a Series B funding round of $680 million in September

Sorare, a popular non-fungible token (NFT) fantasy soccer game, is under investigation by a UK gambling regulator, a consumer information notice revealed. 

Developed in 2018 and similar to traditional fantasy soccer, Sorare’s platform allows users to trade, buy, and manage a virtual team. 

However, the blockchain-based platform utilizes digital trading cards which have been tokenized as NFTs instead. This allows users to verifiably own the cards and later resell/trade with other players in the game. Over 100 soccer clubs have partnerships with the platform, including household names like Liverpool and Real Madrid.   

Sorare, a Paris-based company, operates “outside of the gambling regulations that a licensed operator should comply with,” according to the gambling watchdog’s statement dated October 8. Additionally, they cautioned users to consider this when deciding whether or not to play the game. 

To be clear, Sorare does not offer any traditional forms of gambling. Since the digital trading cards’ monetary value is contingent upon player performance, regulators have questioned its categorization. 

Shortly after the inquiry, Sorare denied accusations of “regulated gambling” and dismissed rumors of illegal activity in an official statement on Tuesday.

“This has been confirmed by expert legal opinions at every stage since the company was founded, including during a number of fundraising rounds,” the post detailed. 

Sorare said that they will “engage and have an open dialogue with authorities who reach out to us to learn more about our game.”

“We believe this is the responsible way to grow our game and community globally.”

Sorare founders Nicolas Julia (left) and Adrien Montfort; Source: Sorare

The NFT platform made headlines in late-September, when they announced one of Europe’s largest Series B funding rounds at $680 million, Blockworks previously reported. The round was led by SoftBank with participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP, Liontree and others.

The Gambling Commission and Sorare did not immediately return Blockworks’ request for comment.


    Upcoming Events

    Salt Lake City, UT

    MON - TUES, OCT. 7 - 8, 2024

    Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

    Salt Lake City, UT

    WED - FRI, OCTOBER 9 - 11, 2024

    Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

    recent research

    Unlocked by Template.png


    With the spot ETH ETF approval, the institutions are coming. stETH - given its dominance in marketshare, existing liquid market structures, and highly desirable properties - is poised for institutions.


    While memecoins may seem harmless, I believe this speculative playground is detrimental to the long-term health of the DeFi


    Trump insiders say he will dismantle the anti-crypto army within an hour of taking office, but the campaign has been quiet about how it plans to do so


    Plus, Solana set a record for weekly unique active addresses on the network last week


    Launching cryptocurrencies the old fashioned way may soon make a return


    Kraken and CertiK brought their beef to social media after Kraken said researchers exploited $3 million through a bug