![]() The bill is due to reach the National Assembly in the next few days. The creation of the Jonum status is provided for in the bill to secure and regulate the digital space (SREN). ![]() The National Gaming Authority (ANJ), which has provisionally agreed with Sorare in 2022 so as not to reclassify the company as a gambling operation, is also reluctant to set up a specific status on a permanent basis. In an interview with The Big Whale, Digital Minister Jean-Noël Barrot said in 2022 that "when it comes to certain uses such as Sorare, we need to know how to be agile".īut the incumbent gambling players are opposed to this status, denouncing a form of unfair competition with more flexible taxation and control. This idea has been taken up by the French government, which has pushed for the creation of a status for "digital games with a monetisable object" (Jonum). "Regulation should be a lever for development and not the other way around," explains Jennifer D'Hoir. The argument of Sorare and other players is that gambling legislation is not adapted to the blockchain universe and that it could penalise a fast-growing French crypto industry. Sorare è un gioco rivoluzionario, nell’ambito dei manageriali dedicati allo sport più popolare del mondo.Il primo riferimento è il fantacalcio, ma la natura rivoluzionaria di questa piattaforma ne fa un progetto decisamente più avanzato. It is in particular for her fine knowledge of regulation that Jennifer D'Hoir is joining Sorare, and there is no shortage of subjects for the French unicorn! For the past year, the company, which has raised $680 million in 2021, has been campaigning for the creation of a specific status for games based on blockchain and NFTs so that they are not reclassified as gambling. Above all, she spent five years at the Autorité des marchés financiers (AMF), where she helped create the first regulations on the sector, such as the 2019 Pacte law, which created the status of digital asset service providers (DASPs). Before joining Kraken in 2021, she worked at Gide 255, the crypto team at French law firm Gide. Jennifer D'Hoir has been working on blockchain and crypto regulation for years. The Frenchwoman was previously head of regulation for Kraken (in Europe), which is one of the world's leading exchange platforms. The French fantasy sport has just recruited Jennifer D'Hoir to look after its "public affairs", i.e. A recent report from consulting firm GlobalData said La Liga clubs have received $36.8 million in crypto partnerships this season.For Sorare, transfers don't just happen on the pitch. In the wake of Spain’s ban on gambling sponsors, brands in the cryptocurrency space are increasingly becoming shirt sponsors for La Liga clubs, such as Valencia’s jersey sponsorship with crypto-backed fan token platform Socios. government is planning to ban Premier League clubs from selling jersey ads to gambling firms, which would follow a ban Spain placed last year on betting sponsors appearing on La Liga club kits. The MLS Players Association also has a licensing deal with Sorare. More than 100 soccer clubs have licensing partnerships with Sorare, including teams such as Real Madrid, Liverpool and Juventus F.C. Prizes are given in the form of ETH cryptocurrency or rare in-game player cards. Users can then build lineups with their tokens to enter fantasy contests and earn points based on their player’s real-life performances. Sorare lets users buy and sell digital player cards that are tokenized on the Ethereum blockchain. ![]() Consumers are being advised to consider this information when deciding whether or not to interact with the site,” the U.K. “The Gambling Commission is currently carrying out enquiries into the company to establish whether requires an operating licence or whether the services it provides do not constitute gambling. Sorare is not a licensed gambling operator and released a statement on Monday, saying it was “very confident” it does not offer any form of regulated gambling. Scout the next superstar and buy player cards directly from other Sorare Managers. Buy curated teams of in-form players ready for the competition leaderboard. The investigation comes after Paris-based Sorare raised $680 million last month. Bid on brand new cards in daily live auctions to become their first owner. Gambling Commission is investigating fantasy soccer NFT platform Sorare to determine whether or not its crypto-backed fantasy game is a form of gambling.
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