UK National Crime Agency Freezes $13.6 Million in Premier League Funds Linked to Sorare
The UK National Crime Agency (NCA) has frozen $13.6 million in funds held by the Premier League, representing the first sponsorship payment from the crypto fantasy football game Sorare. The freeze is part of an investigation into potential third-party criminal activity, though the Premier League is not accused of wrongdoing. Additionally, Sorare faces a separate legal challenge from the UK Gambling Commission regarding its licensing, with a trial postponed until June 2027. Sorare maintains that its platform is skill-based and does not constitute gambling.
Not investment advice.