Soccer NFT Platform Sorare Is Being Investigated by UK Gambling Regulator

The United Kingdom Gambling Commission wrote that Sorare may have to register as a licensed gambling operator.

AccessTimeIconOct 11, 2021 at 8:09 p.m. UTC
Updated May 11, 2023 at 4:04 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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 doesn’t offer any traditional forms of sports gambling, the speculative nature of their digital trading cards – whose values are largely driven by player performance – skirt the line of categorization.
  • In its official statement regarding the investigation, Sorare said it is “very confident [it] does not offer any forms of regulated gambling” and that it has confirmed this with legal experts since the company’s inception.
  • Sorare added that “we will always 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.”
  • The Paris-based non-fungible token (NFT) giant raised $680 million in a Series B funding round at a $4.3 billion valuation in September.
  • SEC's Crypto Enforcement Actions in 2023
    SEC's Crypto Enforcement Actions in 2023
  • How Much Money Are Terrorists Actually Raising in Crypto?
    How Much Money Are Terrorists Actually Raising in Crypto?
  • Cost of Not Enacting Crypto Regulation Is 'Extremely High,' Legal Expert Says
    Cost of Not Enacting Crypto Regulation Is 'Extremely High,' Legal Expert Says
  • Ripple Exec Says Singapore Is a 'Significant Hub for Our Business'
    Ripple Exec Says Singapore Is a 'Significant Hub for Our Business'
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Eli Tan

    Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

    Read more about