The noose is tightening around Sorare. The platform of NFT specialized in sport has just received a warning from the National Gaming Authority (ANJ).
BFM Business reports that the virtual football card platform will have to prove that it cannot be considered a sports betting site and can therefore be exempted from the regulation of this body.
Sorare in the sights of the ANJ
Sorare has until the fall to provide tangible evidence and arguments. The platform makes it possible to buy virtual cards of football players in the form of NFT whose prices vary according to their rarity. Users can therefore speculate on their increase according to the estimated notoriety of the athlete. These same cards can then be used in virtual tournaments during which participants can win prizes based on the performance and statistics of the players in real matches. It is above all this use that feeds the doubts of the ANJ.
” We have already received a series of arguments from them, on which we still have serious doubts. We are waiting to see at the start of the school year what the representatives of Sorare will present to us. If this difficulty were to persist, we would have to take a position “warned the regulator. Last October, the British equivalent of this body also opened an investigation into the start-up valued at 4.3 billion dollars for the same reasons.
This threat could have big consequences on the NFT platform. If it were to qualify as a sports betting platform, Sorare would then have to submit an application to become a licensed online operator, like Winamax et al. The site would then have to face higher taxation and control the identity of each user in order to formally prohibit access to minors.
Source : BFM TV
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