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The cryptocurrency-based fantasy sports platform Sorare has pleaded not guilty in response to accusations made by the UK Gambling Commission (UKGC). According to the commission, Sorare participated in unlawful gaming activities within the United Kingdom.
The UKGC’s accusations focus on Sorare’s operations, asserting that the company breached the Gambling Act 2005 by “providing facilities for gambling without holding an operating licence.” In light of these claims, Sorare promptly released a statement expressing its awareness of the UKGC’s allegations. The company intends to contest these claims vigorously, emphasizing its position that Sorare does not function as a gambling product under UK law.
In the statement, Sorare articulated, “The Commission has misunderstood our business and wrongly determined that gambling laws apply to Sorare. We cannot comment further whilst legal proceedings are underway.” This statement highlights the company’s commitment to defending its operations and clarifying its business model, which revolves around the use of non-fungible tokens (NFTs) for fantasy football.
On October 4, Sorare maintained its stance by formally pleading not guilty at the Birmingham Magistrates Court. The court has scheduled a pre-trial hearing for March 10, 2025, with the trial set to commence on June 16. This timeline indicates a prolonged legal battle ahead as Sorare seeks to protect its business interests.
Founded in France, Sorare allows users to manage virtual teams composed of digital cards, each of which can be purchased using cryptocurrency. The platform combines elements of fantasy sports with blockchain technology, enabling players to trade and own unique digital assets.
In 2021, the UKGC began examining Sorare and conducting an inquiry to see whether the business needed a license to conduct business in the UK. This investigation finally resulted in the current legal scenario, highlighting the regulatory complexity surrounding the gaming and cryptocurrency confluence.
Because of its connections to well-known groups such as the Premier League, Sorare’s case may establish important precedents for the future of digital gaming platforms and the regulatory environments around them in the UK and other countries.