The U.K.'s National Crime Agency has frozen approximately $13.5 million in funds linked to a licensing deal between the Premier League and the crypto fantasy platform Sorare. While Sorare denies being the subject of the investigation, the NCA is examining potential criminal activity related to third parties involved in the payments. This development follows a warning from the Financial Conduct Authority about unauthorized crypto sponsorships and a separate prosecution against Sorare for operating gambling services without a license. AI
RANK_REASON Regulatory action involving a major sports league and a crypto platform. [lever_c_demoted from significant: ic=1 ai=0.1]
- Financial Conduct Authority
- Kylian Mbappé
- Lionel Messi
- Lucy Castledine
- National Crime Agency
- Nicolas Julia
- Premier League
- Serena Williams
- SoftBank Group
- Sorare
- U.K. Gambling Commission
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