The young shoot, which offers an online game based on the lucrative exchange of virtual cards corresponding to athletes, has been warned by the French regulator of gambling.
by
Is the dazzling growth of Sorare threatened? The French company, valued $ 4.3 billion (4.2 billion euros), is in any case scrutinized by the National Games Authority (ANJ), which seeks to characterize its online game, of a Like new, launched in 2019. On the platform, players can buy virtual cards taking the form of NFT (non-Fungible tokens, “non-fungible tokens”, unique assets that exchange online) corresponding to athletes and whose value evolves according to the performances of the latter in real life. Purchases can be made in cryptocurrencies (Ether, in particular).
It is therefore, for the young shoot, to prove that it is not a sports betting platform, by the start of the 2022 school. “The ANJ must meet the representatives of Sorare at In early September, “said Frédéric Guerchoun, legal director of the authority, confirming information from BFM Business on Friday 29 July. “The ANJ has been very quick to react. It is a still confidential market, but it is a whole new use,” observes Julien Pilot, professor of digital economics at the National Institute of High Economic and Commercial Studies.
Sorare, which now has a hundred employees and 137,000 players with at least one card in the world, maintains strong links with the world of sport: evidenced by its partnerships with the newspaper L’Equipe or with stars like Kylian Mbappé or Zinédine Zidane, and the constitution of very active communities of players from poker or sports betting.
“When a company invents a new model based on an emerging technology, and is successful, it is not surprising that it raises questions”, a href=”https://www.Linkedin.com/posts/nicolas-julia-75019_lorsquune-entreprise-invente-un-nouveau-activity-695873233361547386888-xib_/”Target =” _ Blank “Rel =” Noopener “Title =” New window “> React on LinkedIn Co -founder Nicolas Julia. The start-up indicates that the world does not want to publicly comment on private exchanges. If Mr. Julia recognizes the need to establish rules for his activity, he considers that they should not be those of gambling: “What Sorare and many French and European actors offer is a new model that n ‘falls within no existing framework. “
notion of” financial sacrifice “
However, in Switzerland, what Sorare offers is well considered a gambling and has been temporarily prohibited, since September 2021. In October, the British online game regulator had, for its part, opened a survey on Society for the same reasons. In France, the Internal security code defines the games of money and chance by “all operations offered to the public, under any name whatsoever, To give birth to the hope of a gain which would be due, even partially, at random and for which a financial sacrifice is required from the participants “(article L320-1). However, speculation directly linked to the performances of the players – which are due to chance – seems indeed to lead to a gain of gain.
You have 32.32% of this article to read. The continuation is reserved for subscribers.