Web3 fantasy sports company Sorare is introducing an alternate entry method for players based in France to abide by the country’s proposed regulatory framework surrounding non-fungible tokens (NFTs).
Sorare is working with the French National Gaming Authority (ANJ) to help legally onboard players based in France. Sorare said in a blog post that the solution is short-term while they continue to develop their long-term roadmap amid ongoing regulatory discussions. The temporary solution is currently live for its flagship category Sorare: Football and will roll out for Sorare: MLB on May 26, 2023 and finally for Sorare: NBA in the fall.
The news comes after the French government announces plans for a bill that will more robustly regulate trading of in-game assets. However, the current framework does not support games such as Sorare, leading the company to find ways to abide by the rules in the meantime.
coindesk.com