The English soccer league has been considering a partnership with a crypto platform to expand its NFT offerings since 2021.
The French National Gambling Authority (ANJ) threatened that if changes aren’t implemented by March it can impose fines of up 5% of Sorare’s annual turnover.
While Sorare doesn’t offer traditional gambling products like sports betting, the speculative nature of trading NFTs that are valued based on real-world events walks a fine line between what does and doesn’t constitute gambling.
