Switzerland’s gambling watchdog is reviewing FIFA’s “Right to Buy” NFTs, while noting no wrongdoing has been alleged.
Switzerland’s gambling regulator is looking into whether “right-to-buy” tokens sold by global soccer organizing body FIFA ahead of the 2026 World Cup tournament comply with rules that govern gambling, Bloomberg reported. No wrongdoing has been alleged.
Gespa is assessing whether the tokens, which can be bought, sold and traded on FIFA’s non-fungible token (NFT) marketplace, are gambling-like or represent conditional purchase rights. FIFA stands for Fédération Internationale de Football Association.
The authority has not alleged wrongdoing nor had it received any reports of wrongdoing, and is gathering facts to determine whether any action is warranted, director Manuel Richard told Bloomberg on Monday.
