At the request of the French National Gambling Authority (ANJ), NFT fantasy gaming platform Sorare has agreed to adapt its blockchain-enabled NFT games by March 31 2023.
The news comes after extensive discussions since March 2021 over the ANJ’s concerns about the lack of regulations for web3-enabled gaming offers such as that provided by Sorare. The ANJ wants to protect the public from excessive gambling, protect minors and ensure anti-money laundering compliance.
Powered by blockchain technology, Sorare’s football fantasy game allows players to buy, sell and trade virtual teams represented by digital player cards. The NFTs are priced in ETH but can be bought and sold with fiat or cryptocurrencies. The game itself is free, and so are some common cards which can be used in certain games but aren’t worth anything financially. But the more desirable player NFT cards can be very pricey. To buy NFTs for a decent quality fantasy football team could easily cost a gamer hundreds of euros.
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