🚨 Britain Gambling Commission pursues Sorare.
According to the British regulator, the web3 fantasy game is a gambling game and therefore operating without a license.
Sorare denies the charge of unlicensed gambling.
“You may have seen the statement made today by the UKGC. Please be assured that this does not change the way our site operates if you are a UK resident. We will continue to operate as normal and you will be able to continue to play as usual.
We of course strongly deny any allegations that Sorare does not comply with UK laws. We have created a new category of games, built an innovative product concept while using emerging technology.
The Commission is misinterpreting and misapplying the law in applying it to Sorare’s business. We are taking steps to ensure this is rectified and have instructed our UK lawyers to challenge the allegations currently being made by the Commission.
We have always maintained a proactive and constructive approach with regulators around the world, and we will continue to do so.”
Says Nicolas Julia, CEO of Sorare.
According to the British regulator, the web3 fantasy game is a gambling game and therefore operating without a license.
Sorare denies the charge of unlicensed gambling.
“You may have seen the statement made today by the UKGC. Please be assured that this does not change the way our site operates if you are a UK resident. We will continue to operate as normal and you will be able to continue to play as usual.
We of course strongly deny any allegations that Sorare does not comply with UK laws. We have created a new category of games, built an innovative product concept while using emerging technology.
The Commission is misinterpreting and misapplying the law in applying it to Sorare’s business. We are taking steps to ensure this is rectified and have instructed our UK lawyers to challenge the allegations currently being made by the Commission.
We have always maintained a proactive and constructive approach with regulators around the world, and we will continue to do so.”
Says Nicolas Julia, CEO of Sorare.
7 months ago
