Swiss Regulator Targets FIFA’s NFT Platform Over Gambling Violations
Switzerland's Gambling Supervisory Authority (GESPA) has escalated regulatory pressure on FIFA Collect, the football governing body's NFT platform, alleging unauthorized gambling operations. The complaint focuses on reward mechanisms involving chance-based elements and monetary stakes—hallmarks of gambling under Swiss law.
Launched in 2022, FIFA Collect now faces existential scrutiny as GESPA challenges its competition model requiring financial participation for randomized rewards. Swiss gambling regulations permit only two licensed national operators, leaving no gray area for NFT-based alternatives.
The case establishes a critical precedent for blockchain-based reward systems, particularly those blending collectibles with speculative mechanics. Regulatory bodies worldwide are increasingly scrutinizing such hybrid models at the intersection of Web3 and traditional compliance frameworks.
