News hardware NFT: Sorare collectible card game accused of sports betting
While Sorare has just signed recent and renowned partnerships with Zidane or even Mbappe, the blockchain-based game could run into an obstacle in its evolution. The game to earn collectible football cards in NFT is suspected to use the same processes as sports betting.
Sorare and its game mode play to earn
Sorare recently received a warning about the nature of his game from the National Gaming Authority. In question: Its game mode would be similar to a sports betting platform, according to the ANJ.
Launched in 2019 by two French entrepreneurs: Nicolas Julia and Adrien Montfort, Sorare is a “fantastic football” game that feels like a football manager. In Sorare, collect virtual NFT football player cards that you can use in competitions. Upon completion of these, you receive cryptocurrency (Ethereum) rewards or NFT collectible cards based on the results of all your players. This game mode is based on the performance of players in real matches, and it is precisely this point that can play against Sorare …
Sorare under the watchful eye of the National Gaming Authority (ANJ)
Indeed, according to the National Gaming Authority, this use is somewhat similar to sports betting. Therefore, it convenes the Sorare company to justify its activities by the autumn of 2022.
“We have already received a number of arguments from them, on which we still have serious doubts. We are waiting to see at the beginning of the school year what Sorare representatives will present to us. If this difficulty persists, a position should be taken, ”explains the ANJ.
In other words, if Sorare were to be redeveloped as a sports betting platform, the game would need to be approved as Winamax. In this state, the site will also have to pay higher fees and increase the security of access to its site to exclude minors.
This reconsideration could have real consequences, not only on the Sorare game and its development on a larger scale, but also on the many play-to-earn games …
Is gambling to make money similar to gambling?
Leveraging the blockchain to experiment with new gaming experiences, play-to-earn is a new form of gameplay that tends to establish itself in the video game industry in the long run. Concretely, these cryptocurrency and NFT-enhanced games promise players gains in exchange for their playing time.
For example, although the gameplay is completely different, Sorare is somewhat similar to Fifa Ultimate Team’s game mode. Each year in FUT you have the opportunity to purchase virtual credit cards to build your dream team and compete against other players to win prizes. However, these virtual credits and packs belong to the game and have no value outside of it. Therefore, the money spent on these games is often lost forever.
Conversely, in Sorare, the rewards received belong to you and can be redeemed since they are in cryptocurrency or NFT. As a digital owner, you can store these “consumables” outside of the game and resell them at your convenience for cryptocurrencies (in this case, ethereum).
The idea of play-to-earn is therefore not necessarily a negative one as in reality these new ways of approaching video games offer more possibilities to players when it comes to their acquisitions in games. Also, it’s important to remember that most of these play-to-earn games regularly offer a free experience. This is the case of Sorare, which makes the so-called “common” cards available free of charge.
However, given the new nature of this type of games, it is important for regulators to understand the problems and treat them as new cases to study in order to regulate them.
The founder of Sorare, the originator of French Tech’s largest fundraiser, knows it well:
When a company invents a new model based on emerging technology (here the web3), and it is successful, it is not surprising that it raises questions. This is one of the signs that we are shifting the lines.
– Nicola Giulia (@ ni2las) July 29, 2022
This notice constitutes a brake on the game that has just concluded important collaborations with the aim of developing with the general public. Sorare has faced several regulators since last October, for the same reasons a British counterpart of ANJ has also warned the French start-up worth almost 4.3 billion dollars.