Everyone knows the historic land-based casino that is usually attached to a luxury hotel with its Belle-Epoque lounges and plush armchairs. Since the 2000s, the growth of the global Internet has led to the emergence of other online players, prompting governments to take steps to regulate these emerging technology companies. From the 1907 law to December 2023, to the Sorare revolution, a look back at the changes that have affected and will affect the gaming industry.
THE CREATION OF THE CASINO IS A HISTORICAL DECISION
If a player wishes to play slot machines or roulette, he must travel to a city where hydrotherapy is officially recognized, per the 1907 law. Before that date, it was Napoleon 1ᵉʳ, the great reformer, who in 1804 decided to provide a legal basis for the gambling business.
But the law of 1907 introduces a new element into this permission. First, it states that no casino can open its doors within a 100 kilometer radius around Paris, the Casino Enghien-Les-Bains, located near the thermal baths, received an exception in 1901.
The second part concerns the places where the establishment of land establishments is allowed: resort towns and sea resorts. A way to provide more entertainment for wealthy spa guests who come to the water in Deauville or Bagnols-de-l'Orne.
TO THE EXTENSION OF AUTHORITIES
With the advent of the Internet available on all mobile phones and the global pandemic, players have turned to casinos that offer online services. Rapid growth, which did not bypass traditional casinos.
On December 5, deputies with 145 votes "for" and 48 "against" adopted the text that allows to expand the powers of the institution. After resorts and seaside towns, municipalities with an equestrian culture (headquarters of a horse racing company or a national horse stud) will be able to benefit from financial revenues. Cities such as Saumur in Maine-et-Loire, Arnac-Pompadour in Correz, Saint-Lo in the Manche and La Roche-sur-Yon in the Vendée will benefit from the new legislative system.
Concentrated mainly on the coast or highly urbanized départements, only 63 out of 101 départements have casinos. The change provided by law will restore balance throughout the territory. Real economic locomotives, they brought in an average of almost 1.5 million euros to the cities to which they are attached. Read about cyber security and data integrity on online casino platforms in this post - https://www.cotebasque.net/cybersecurite-et-integrite-des-donnees-dans-les-plateformes-de-casino-en-ligne/.
SORARE, THE MAIN PLAYER IN WEB3
What has recently shaken things up is the emergence in 2019 of a fantasy football game using Ethereum blockchain technology. Sorare offers a unique experience to football fans and card collectors as the cards feature real players from different football leagues around the world.
The company, although it appeared recently, enjoys worldwide popularity. Partnership agreements have been signed with more than a hundred football clubs, including such prestigious names as "Barcelona", "Juventus" and "Bayern". Soon after, Sorare took positions in other high-potential sports, the NBA for basketball and the MLB for American baseball.
In record time, Sorare for So Rare has sold more than a million dollars worth of postcards in 50 countries. The company's success is based on an innovative model, NFT or non-fungible tokens.
HOW IS THE GAME PLAYED?
Users must obtain cards, then create virtual teams and participate in weekly competitions. The effectiveness of the teams in these competitions depends on the actual results of the players on the field. Therefore, good football knowledge and team management skills are essential for success.
To progress, you need to compete. This is the only way to rank up and collect higher level cards. The more valuable the card, the higher the rewards. You can win: cryptocurrency ETH, tickets to competitions at the stadium, goodies. The Holy Grail is VIP access to the clubs star players.
The difference with Panini cards, for example, is the rarity level of the card. They are available in three forms: a rare 100, a super rare 10, and a single card. All of these cards can be purchased on the platform, with prices increasing based on each player's performance.
To read: Play blackjack online in FrancePROVISIONS IN THE PROCESS
NFTs, like cryptocurrencies or blockchain, operate in a gray area. While Sorare currently avoids gambling regulations, the government is looking to create a new legal framework specific to this type of activity.
A project called JONE for games with variable digital objects is being studied by the General Inspectorate of Finance. The idea would be to allow these companies to enter the markets without seeking prior permission from the ANJ, but only through a simple declarative registration. An initiative that has not received consensus among all players in the sector.