The UK Gambling Commission (UKGC) has warned that fantasy football blockchain platform Sorare does not have a UK gambling license.
Sorare allows players to buy, sell and trade 'virtual football cards' to manage fantasy teams. Purchases and card exchanges are recorded on the Ethereum blockchain as a non-fungible token (NFT).
The UKGC said it is currently assessing whether Sorare.com is a gambling business for legal purposes and whether its platform requires an operating licence.
Consumers are encouraged to consider this information when deciding whether to interact with the site.
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