Geldspielaufsicht, the Swiss Gambling Supervisory Authority (GESPA), has filed a criminal complaint with prosecutors over FIFA’s World Cup-themed NFT platform. According to Gespa, FIFA  offers unlicensed gambling services in Switzerland. GESPA said it became aware of the online platform collect.fifa.com (FIFA Collect) in early October. “During the investigation, suspicions were confirmed that collect.fifa.com offers gambling […]Geldspielaufsicht, the Swiss Gambling Supervisory Authority (GESPA), has filed a criminal complaint with prosecutors over FIFA’s World Cup-themed NFT platform. According to Gespa, FIFA  offers unlicensed gambling services in Switzerland. GESPA said it became aware of the online platform collect.fifa.com (FIFA Collect) in early October. “During the investigation, suspicions were confirmed that collect.fifa.com offers gambling […]

Swiss regulator files criminal complaint accusing FIFA’s NFT platform of illegal gambling

Geldspielaufsicht, the Swiss Gambling Supervisory Authority (GESPA), has filed a criminal complaint with prosecutors over FIFA’s World Cup-themed NFT platform. According to Gespa, FIFA  offers unlicensed gambling services in Switzerland.

GESPA said it became aware of the online platform collect.fifa.com (FIFA Collect) in early October. “During the investigation, suspicions were confirmed that collect.fifa.com offers gambling services that are not licensed in Switzerland and are therefore illegal,” the regulator said in a statement.

FIFA Collect is found with the 3 elements of gambling 

FIFA Collect is a platform where various competitions, including drops and challenges featuring collectibles, are offered in the form of non-fungible tokens (NFTs). At the center of the probe are FIFA’s “Right to Buy” (RTB) tokens, which are sold through its official platform, FIFA Collect.

The platform encourages users to collect and trade blockchain-based NFTs, in return for special access to buy FIFA World Cup tickets.

Take the $999 “Right to Buy: England Finals” token as an example. It becomes valid only if England makes it to the final. Most tokens probably won’t go toward buying tickets for the 48-team event.

Upon investigation, regulators determined that the gambling was because participation in competitions on the platform requires a monetary stake, with cash prizes available to be won. The outcome for participants depends on random draws or similar chance-based procedures.

These hypothetical NFT-based goods may be considered gambling under Swiss law since they incorporate chance, payment, and prize. Gespa stated, “From a gambling law perspective, the offers in question are partly lotteries and partly sports betting.”

Officials are particularly concerned that the tokens’ conditional structure and resale market may create a “gambling-like dynamic.” Many tokens could lose value if a team fails to advance, while some linked to finalists are being resold for as much as $30,000, up from their original price tag of $999.

The blurring of lines between digital collectibles and wagering, according to regulators, is a result of this speculative behavior. It also highlights the increasing friction between blockchain innovation and consumer safety.

FIFA’s token system, wider sports blockchain sector under threat

FIFA unveiled a digital collectibles project marking notable soccer moments ahead of the 2022 World Cup. It was initially launched on Algorand before migrating to Polygon in 2023, with a new collection offering early adopters the chance to win tickets to the 2026 World Cup.

“This makes FIFA collectibles available to any football fan, democratizing the ability to own a part of the FIFA World Cup,” FIFA Chief Business Officer Romy Gai said at the time. “Just like sports memorabilia and stickers, this is an accessible opportunity for fans around the world to engage with their favorite players, moments, and more on new platforms.”

FIFA insists that the RTB token model was designed to manage unprecedented ticket demand, citing the 2022 Qatar World Cup, which saw 23 million ticket requests for just 3.4 million available seats.

According to reports, FIFA has already generated approximately $15 million in revenue from the token sales. The project is operated in partnership with Swiss blockchain firm Modex Tech Ltd.

The case could have far-reaching implications for the integration of blockchain technology into sports and entertainment ticketing. FIFA’s ticketing operations are a critical component of its $11 billion revenue forecast for 2023–2026, and regulatory scrutiny may reshape future digital sales models.

With blockchain applications expanding rapidly in areas such as gaming, fan engagement, and real-world asset tokenization, the outcome of Gespa’s probe could set a precedent for how NFTs and conditional-access tokens are treated under global gambling laws.

Join a premium crypto trading community free for 30 days - normally $100/mo.

Market Opportunity
AINFT Logo
AINFT Price(NFT)
$0.000000355
$0.000000355$0.000000355
-0.22%
USD
AINFT (NFT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Zwitserse bankgigant UBS wil crypto beleggen mogelijk maken

Zwitserse bankgigant UBS wil crypto beleggen mogelijk maken

De grootste vermogensbeheerder ter wereld, UBS, maakt zich op om een stap te zetten richting crypto. Volgens bronnen binnen de bank kijkt het Zwitserse concern
Share
Coinstats2026/01/24 02:48
Trump Nears Decision on New Federal Reserve Chair

Trump Nears Decision on New Federal Reserve Chair

The post Trump Nears Decision on New Federal Reserve Chair appeared on BitcoinEthereumNews.com. Key Points: Trump nears decision on Federal Reserve Chair, evaluating
Share
BitcoinEthereumNews2026/01/24 02:53