The UK gambling commission will investigate and determine whether or not fantasy NFT soccer game Sorare should be required to have a gambling license.
The inquiry into the popular NFT fantasy soccer game by the Gambling Commission in the UK came right after the game raised $680 million in a funding round last month. This comes as no surprise since the gaming segment reported the highest sales volume of the non-fungible token (NFT) market in 2020,
In a statement on their company’s blog, the fantasy soccer game denied it was involved in anything involved in regulated gambling. However, earlier this week, the Commission released a consumer information notice that Sorare is not currently licensed and consumers should take care when interacting with this site.