When did the Premier League join Sorare?
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The Premier League partnered with Sorare in January 2023, allowing supporters to collect trade-able NFT cards of their favourite players in an officially-licensed league.
The four-year licence means Sorare players can now collect digital cards of players from all 20 Premier League clubs and use them to compete against others in the fantasy football game, or buy and sell for profit.
It offers fans another way to connect with their favourite clubs and players, with collectible cards available on a limited basis.
Sorare is a rapidly expanding online platform, with thousands of users competing for rewards in each gameweek - ranging from limited cards to financial rewards if your team performs well either in the free-to-enter game or one of the more advanced leagues which require paid-for cards. The introduction of the Premier League licensing has seen the player base surge further, with Sorare surpassing 50,000 unique buyers in both January and February! With the number of players rapidly growing, now is the perfect time to truly immerse yourself in the Sorare game, and try to get ahead!
So what is Sorare Premier League?
The Sorare football market and game is based around collectible cards, which have a value on the Ethereum chain with the value dictated by the market as well as real-life performance of each player.
Since the cards are collectible, there are only a limited number of each card available on the market on which users can bid, bargain and negotiate with fellow managers to get the best possible price for their desired card - just like the transfer market! Once you have a card, it can be used to make money or compete in leagues and gain XP to further increase their value and points return.
You can compete in auctions for cards in a manner similar to eBay or simply buy from a ‘Manager Sales’ market, on which managers will simply put a price on a card’s head and you can decide whether to pay it or not.
A player’s value will be dictated by the scarcity as well as their recent form, upcoming fixtures and age. So if you have a player who has just scored a hat-trick, his recent form will be shown on the card and his price will shoot up. Average gameweek scores over the last 15 matches (L15) are crucial when looking at how to build a team and who to get in the market, and are shown when looking at any card.
It is these gameweek scores that will decide your fate when competing in leagues.
How does Sorare work?
There are many different ways in which to get involved with Sorare. Whether that is investing money into having your own collectible cards, buying and selling to make a profit, or simply competing in leagues against others and contesting for rewards, there is something for everybody.
The free-to-enter leagues are called the Amateur leagues, and are available for the five major European leagues. Here is how they work.
Premier League Amateur - The Free League
The most popular form of competing is through the free-to-play competitions, known as ‘Amateur’ competitions such as Premier League Amateur. You will be given a points budget of 400 and you must simply pick a squad of 8 (two goalkeepers, two defender, two midfielders and two forwards), before narrowing that down to a playing team of five (one goalkeeper, one defender, one midfielder, one forward and one other outfield player) - it is that team that will then earn you points for each gameweek.
Players will earn points in a similar way to fantasy football, with nominated captains earning boosted totals and the total accrued over the gameweek will put you in contention for a reward - which in the Amateur leagues are tiered collectible cards.
How is the Sorare Premier League market being regulated?
Sorare’s unique proposition of bridging the digital and physical worlds in its fantasy sports games is both its differentiating factor and one of its biggest challenges. The reliance on real-life game performance to determine in-game tournament winners has caught the attention of gambling regulators in the UK and France.
Sorare recently made a commitment to the French National Gambling Authority (ANJ) to enhance the game’s accessibility without requiring payment. This move prompted the ANJ to call for the introduction of a new regulatory framework for Web3 games in France.
At the same time, the UK’s Gambling Commission is conducting an ongoing investigation to determine if Sorare’s platform constitutes gambling or not.
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