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Gespa (the Swiss gambling authority) has begun an investigation of FIFA’s 2026 World Cup non-fungible token program. They are examining if it could be in violation with the national gambling laws.
FIFA, the FIFA World Cup and the FIFA Football Championship are at the core of this analysis. “Right-to-Buy” (RTB) tokens — NFTs that grant holders the conditional right to purchase match tickets if specific teams qualify. They can be exchanged on FIFA’s blockchain-powered marketplace.
Gespa, while not accusing FIFA of any wrongdoings, is currently evaluating whether or not the tokens are gambling products or legitimate rights to purchase.
This is because the value of tokens fluctuates based on unpredictable events, such as team qualifications. The tokens’ value could fluctuate based on unpredictability, such as team qualification. This creates a financial and chance risk for the buyer.
The prices of tokens are very different. Tokens for popular teams such as Brazil or Argentina can reach up to $999, while others tied to lesser-favored teams cost much less. This setup is criticized by critics for blurring the lines between betting and fan engagement.
FIFA introduced the RTB System to manage an overwhelming demand for World Cup Tickets and curb fake sales. It received 23 million requests for tickets to the tournament in 2022, but only 3.4 millions seats were available.
FIFA’s involvement with NFTs started in 2022. launch of FIFA+ CollectThe platform offers soccer collectibles. By 2023, Modex and the organization have partnered to create an exclusive NFT collection celebrating the World Cup in Saudi ArabiaFans can enjoy limited-edition moments digitally and exclusive fan experiences.
FIFA has announced that it will be launching a new initiative in 2025. collaboration with Avalanche The company will build its own Layer-1 Blockchain for the NFT Ecosystem. This new infrastructure is designed to improve the functionality of FIFA Collect, and increase fan engagement around the world.
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Source: cryptoflies.com
