Sorare crypto series#
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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. The investigation comes after Paris-based Sorare raised $680 million last month. Gambling Commission is investigating fantasy soccer NFT platform Sorare to determine whether or not its crypto-backed fantasy game is a form of gambling. It works more or less like the fantasy football game.The U.K. While the MLB season hasn’t started yet, Sorare’s NBA game is already live. We’re incredibly excited and can’t wait to see fans play with Premier League cards in our tournaments.”Īs for sports fans who don’t particularly enjoy football, Sorare also teamed up with the NBA and MLB over the past few months. “It’s a major milestone for us as we pursue our goal to build a compelling global sports community for fans and we’re extremely proud to have now partnered with three of the biggest sports leagues in the world: the Premier League, NBA and MLB. Sorare is the leading platform to collect and play with officially licensed football Crypto-goods. As football fans ourselves, this partnership is something we’ve dreamt of since we founded the business,” Sorare co-founder and CEO Nicolas Julia said in a statement. Sorare is a global fantasy football game. “The Premier League is a truly global competition and has been the home to so many iconic moments and players over the last 30 years. There will also be league-specific competitions. With today’s new partnership with the Premier League, Sorare users will find all 20 clubs on the platform. The Premier League is a nice addition to this list of organizations.

Sorare crypto series#

It raised a gigantic $680 million Series B round and signed partnerships with many clubs and football organizations, including Spain’s LaLiga, Germany’s Bundesliga and Italy’s Serie A. Sorare frequently issues new cards on the platforms that users can buy to add to their personal collections - that’s how the company generates revenue.Īnd the startup has been quite successful so far. They can then put together a lineup of five players and earn points based on real-life performances. Sorare players can buy and sell cards from other players. In particular, Sorare has partnered with many football leagues so that it can create trading cards representing football players.Įach card is registered as a unique token on the Ethereum blockchain.

Sorare crypto free#

Managers own their digital collectible cards, and are free to trade, buy, sell, and play them as they wish. Sorare is a fantasy sports gaming experience based on NFTs, or non-fungible tokens. Sorare is a free-to-play fantasy football, basketball, and baseball game where users, known as 'Managers', collect and compete with officially licensed digital player cards against fellow sports fans around the world to win big rewards. This is an important move for the company as the English football league is one of the most-watched sports leagues in the world. French startup Sorare has signed a four-year licensing partnership with the Premier League.