“Through its constructive exchanges with the ANJ, Sorare once again reaffirms its desire to build the next global entertainment giant.” “Sorare shares this urgent need and is committed to working with all stakeholders, including the ANJ, to define this new framework,” the spokesperson said. While the ANJ has accepted Sorare’s deal as a transitional measure, the regulator worries the law isn’t up to scratch, and called for a “rapid evolution” of legislation to cater for Web3.Ī spokesperson for Sorare told CoinDesk it would implement the temporary changes early in 2023, and longer term agreed with the need for new regulations. In an August question to the government, French Senator Jérôme Durain said the game “seems to meet all the criteria of gambling under the internal security code." Durain called for better controls to stop money laundering, or playing by children or gambling addicts – concerns which the ANJ seems to share. Its apparent similarity to regulated activities has drawn complaints. Sorare, a kind of fantasy sports card game involving well known stars like Cristiano Ronaldo, Kylian Mbappé and Lionel Messi, awards prizes that can be exchanged for money. “The chosen solution constitutes a needed regulatory response to the offer made by Sorare,” the ANJ said in a statement, adding that it needed to “effectively protect the public but also support innovation” in examining similar developments in future. If it doesn’t do so by the end of March, the authority threatened to use its legal powers, which in theory allow it to impose fines of up to 5% of a company’s turnover. The ANJ called for changes to French law to better account for Web3 gaming, after political criticism that the current arrangements did little to protect children and compulsive gamblers.Īs part of the deal, Sorare has said it will expand free access to the game. NFT fantasy gaming platform Sorare has agreed to amend the rules for its non-fungible token soccer trading game under pressure from the French National Gambling Authority (ANJ), the regulator said in a statement on Friday.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |