REGULATORYCOMPLIANCE
Regulatory Compliance Statement
Effective: 02 January 2026Updated: April 2026
Metawell Sports Limited is fully committed to operating in compliance with all applicable UAE federal laws, RAK Innovation City regulations, India's PROGA 2025 (as applicable to esports), international AML/CFT standards, and relevant global privacy and consumer protection frameworks. Compliance is built into our operational architecture — not retrofitted. This framework is subject to ongoing review and validation by external legal counsel; formal legal opinions are available upon request for authorised due diligence purposes.
1. Company Registration & Verified Licensing
| Company Name | Metawell Sports Limited |
| Registration Number | 01010965 |
| Business Licence Number | 07010938 |
| Legal Type | Company Limited by Shares — Sole Shareholder, Sole Director |
| Incorporation Date | 02 January 2026 |
| Licence Validity | 02 January 2026 – 01 January 2027 (annual renewable) |
| D-U-N-S Number | 57-114-1643 (Issued 06 February 2026 — CRIF Gulf DWC LLC / Dun & Bradstreet) |
| Free Zone Authority | RAK Innovation City (RAK INC), Government of Ras Al Khaimah, United Arab Emirates |
| Entity Classification | Non-custodial utility gaming platform — not a financial service, exchange, or investment operator (based on current legal analysis, subject to regulatory interpretation) |
| Verification Portal | verify.rakdao.com/document · Cert: 857117-Oyuxyk · Licence: 743021-Ypokky · MOA: 337252-Jzkpla |
2. Licensed Business Activities
| Licensed Activity | CPL Games Relevance | Status |
|---|---|---|
| Gaming Publisher | Publishing and operating CPL eCricket esports application on Android, iOS, and web | Active |
| E Sports Ecosystem | Competitive tournaments, GECPL League, global leaderboards, and full esports competition structure | Active |
| Gaming Studio | In-house game design, development, and production operations | Active |
| Gaming Production Service Providers | Platform infrastructure, game engine operations, and technical service provision | Active |
| Web Portals – Web 3.0 | opBNB blockchain integration, NFT marketplace, smart contract management | Active |
| Artificial Intelligence | AI-powered gameplay analytics, match analysis, anti-cheat systems | Active |
| Metaverse Service Provider | Virtual stadium environments and immersive eCricket experiences | Active |
| Data Management & Cyber Security | Platform security, user data management, threat monitoring, cybersecurity compliance | Active |
3. UAE Regulatory Framework
| Framework | Status | Key Details |
|---|---|---|
| RAK Law No. 2 of 2023 | Compliant | Company incorporated, licensed, and operating under RAK Innovation City regulations |
| UAE Federal Law No. 32 of 2021 | Compliant | Single-shareholder company; Board Resolution executed; MOA signed and registered |
| UAE PDPL — Decree-Law No. 45/2021 | Compliant | Privacy Policy implemented; DPO appointed; legal bases defined; user rights framework operational |
| UAE AML — Decree-Law No. 20/2018 | Compliant | AML/CFT Policy v1.0 active; MLRO appointed; goAML STR reporting operational; Chainalysis/TRM Labs or equivalent blockchain analytics in use |
| UAE Cabinet Decision No. 10/2019 | Compliant | CDD/KYC implemented; EDD for PEPs; sanctions screening (CBUAE/UN/OFAC/EU) active |
| VARA Guidelines (Virtual Assets) | Based on current legal analysis, non-VASP classification | Platform is non-custodial utility gaming service — based on current legal analysis, not subject to VASP licensing. All VARA developments actively monitored; classification is subject to regulatory interpretation. |
| UAE Consumer Protection — Law No. 15/2020 | Compliant | Clear terms, transparent pricing, no unfair trade practices, complaint handling in place |
4. AML/CFT Compliance Programme
| Programme Element | Details | Status |
|---|---|---|
| MLRO / Compliance Officer | Murlidhar Abhimanyu Tripathi — Director/CEO · +971 567672367 · md@metawellsports.com | Appointed |
| AML/CFT Policy | Version 1.0 signed and active from 02 January 2026 — aligned with UAE AML Law and FATF 40 Recommendations (updated October 2025) | Active |
| Blockchain Analytics | Chainalysis (Reactor/KYT), TRM Labs, Elliptic, or equivalent industry-standard provider — wallet screening, transaction risk scoring, ongoing monitoring | Active |
| Customer Due Diligence (CDD/KYC) | Risk-tiered identity verification at appropriate thresholds per RAK INC guidance and UAE AML Law | Active |
| Enhanced Due Diligence (EDD) | Applied to Politically Exposed Persons (PEPs), high-value users, and high-risk geographic profiles | Active |
| Sanctions Screening | All users and partners screened against UAE (CBUAE), UN, OFAC, and EU consolidated sanctions lists — real-time or near-real-time | Active |
| Suspicious Transaction Reporting | Filed via goAML to UAE Financial Intelligence Unit (FIU). Tipping-off strictly prohibited. | Active |
| Record Keeping | All CDD documentation and transaction records retained minimum 5 years | Active |
| Annual AML/CFT Training | Mandatory annual training for all relevant personnel and the MLRO | Active |
| No Customer Deposits Policy | Company does not accept, hold, or custody customer fiat or digital asset funds | Confirmed |
5. India — PROGA 2025 Compliance
CPL Games is designed, built, and operated as skill-based esports. India's Promotion and Regulation of Online Gaming Act, 2025 (PROGA) explicitly separates skill-based esports from prohibited 'online money games'.
- All match outcomes are 100% skill-determined — zero random mechanics, zero wagering, zero betting
- CPL Tokens are utility tokens — not stakes or bets in any game
- CPL Games does NOT constitute an "online money game" under PROGA
- Supporting judicial precedents: K.R. Lakshmanan v. State of Tamil Nadu (1996 SC); Dream11 SC validation (2021)
Current PROGA Status — April 2026PROGA received Presidential assent on 22 August 2025. Enforcement provisions are NOT YET formally notified by the central government. Constitutional challenges are pending before the Supreme Court of India — three-judge bench (Head Digital Works Pvt Ltd and others v. Union of India), hearings ongoing through 2026. State-level restrictions are independently enforced. Metawell Sports Limited actively monitors all developments and will update Indian user access and platform operations as required by law.
6. Global Privacy & Standards
| Framework | Jurisdiction | Compliance Level |
|---|---|---|
| GDPR | EU/EEA users | Aligned — DPO appointed; legal bases defined; user rights; SCCs for cross-border transfers |
| CCPA/CPRA | California residents | Aligned — user rights honoured; no sale of personal data; non-discrimination guaranteed |
| DPDP Act 2023 | India | Aligned — data fiduciary obligations; user consent framework; rights mechanism operational |
| FATF 40 Recommendations (Oct 2025) | All digital asset activities | Compliant — full AML/CFT programme aligned with FATF standards including June 2025 Travel Rule revisions |
| EU MiCA (July 2026 enforcement) | EU users | Monitored — NFTs are unique, non-fungible in-game digital goods generally excluded from MiCA scope; non-CASP position based on current legal analysis |
7. Responsible Gaming
- Age Verification: 18+ strictly enforced at registration — zero tolerance for underage access
- Skill-Only Platform: Zero gambling mechanics, zero chance-based outcomes, zero wagering — 100% skill-determined competition
- On-Chain Transparency: All material transactions on opBNB — publicly and independently auditable
- User Controls: Account suspension and full data deletion available on user request at any time
- Regulatory Monitoring: Continuous global regulatory monitoring — operations updated as required by law
8. Regulatory Contact
MLRO / Compliance Officer
Murlidhar Abhimanyu Tripathi
Compliance Email
md@metawellsports.com
Phone
+971 567672367
Verification Portal
verify.rakdao.com/document
Registered Address
Office A, RAK Innovation City Business Centre, Ras Al Khaimah, UAE, P.O. Box 30099
Support
md@metawellsports.com