“Sorare was charged with violating the Gambling Act 2005 in the regulator’s first move against a blockchain-based platform.”, — write: www.coindesk.com
- Sorare, a blockchain-based fantasy sports company, was charged with providing unlicensed gambling facilities.
- The charges, the first brought against a blockchain platform, may signal a precedent for how the Gambling Commission plans to deal with Web3 companies in the future.
Edited by Sheldon Reback.
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
Block.one; 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.
Follow @camomileshumba on Twitter