![]() Other trademarks are property of their respective owners. EquityZen and logo are trademarks of EquityZen Inc. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use. Check the background of this firm on FINRA’s BrokerCheck.Į is a website operated by EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/ SIPC member firm.Įquity securities are offered through EquityZen Securities. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform.ĮquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. Investors must be able to afford the loss of their entire investment. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Sorare was developed in 2018 by Adrien Montfort and Nicolas Julia where players can buy, sell, and manage a virtual team with digital playing cards.Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. The Gambling Commission pointed out though that there is a “legal question mark” over this. It was stated that the commission will no doubt be carrying out a thorough review regarding Sorare. Nonetheless, the website Gambling Insider, noted that the gambling and regulation partner at Keystone Law – Richard Williams – argued that Sorare could fall under the category of either pool betting or a gaming-regulated activity under the Gambling Act of 2005. Sorare made it clear on their website that they’re a fantasy football game that is blockchain-based as players can win rewards for choosing the best lineups. This means that any form of activity that has been completed within the site by consumers within Great Britain is outside of the gambling regulations by which every operator with a license should abide by. On October 8, the Gambling Commission published a press release stating that Sorare is not licensed by them. The post went on to state that they will “engage and have an open dialogue” with authorities who want to have a word with them to educate them about their game as they believe that such a move is the responsible way for both their game and its community to flourish. Further, Sorare claims that such has already been confirmed by “expert legal opinions” at each stage since the firm was established including during several fundraising rounds. ![]() enforcement action and prosecution work, if a business or individual breaches their licence conditions. setting out Licence Conditions and Codes of Practice (LCCP) carrying out compliance activities. ![]() licensing people who work in the gambling industry, in specific roles. They stated that they’re “very confident” that they do not provide any iterations of regulated gambling. The main ways we do this is by: licensing gambling businesses. ![]() Sorare, on the other hand, stated in their recent blog post that they have since denied that they are involved in anything too close to be considered regulated gambling. Further, it was noted that the Gambling Commission is as of late carrying out inquiries into the firm to establish as to whether Sorare would be requiring a license to operate or whether the services that they’re offering are not deemed as gambling. UK’s Gambling Commission recently launched an inquiry into the said NFT soccer game, which has been reported to have raised an impressive $680 million in funding back in September. The NFT fantasy soccer game dubbed “Sorare” is under scrutiny as of late as United Kingdom’s gambling commission is weighing as to whether or not the title should be applied with a gambling license requisite. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |