Swiss authorities review whether FIFA 'World Cup token' violates gambling regulations
Suehyeon Lee
Summary
- The Swiss gambling regulator said it is reviewing whether FIFA's 'Right-to-Buy' token violates current gambling regulations.
- They said the token can be bought and sold on FIFA's NFT marketplace, which could directly affect investors.
- So far no illegal activity has been found, but additional measures may follow after establishing the facts.
The Swiss gambling regulator is reviewing whether the 'Right-to-Buy' token issued by FIFA ahead of the 2026 World Cup violates current gambling regulations.
On the 7th (local time), Cointelegraph reported that the Swiss gambling supervisory authority (Gespa) has launched an investigation to determine whether the token, which can be bought and sold on FIFA's NFT marketplace, constitutes a "gambling product" or can be regarded as a "conditional purchase right."
Manuel Rischard, director of Gespa, said, "So far no illegal activity has been found, and no related complaints have been received," adding, "We will ascertain the facts and review the need for further action."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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