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

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

By Cryptopolitan
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.

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Swiss gambling regulators have escalated their crackdown on **cryptocurrency** and **NFT** platforms, with Geldspielaufsicht (GESPA) filing criminal charges against FIFA's World Cup-themed **non-fungible token** marketplace. The complaint alleges FIFA operated unlicensed gambling services through its **blockchain**-based platform in Switzerland, marking a significant regulatory challenge for sports-related **digital assets**.

This enforcement action highlights growing regulatory scrutiny surrounding **NFT** platforms and their potential classification as gambling mechanisms. FIFA's **cryptocurrency** venture, which capitalized on World Cup excitement, now faces legal consequences that could impact the broader **DeFi** and digital collectibles market.

The criminal complaint represents a watershed moment for **blockchain** regulation in Switzerland, traditionally considered a crypto-friendly jurisdiction. Market analysts suggest this case could establish precedent for how **cryptocurrency** platforms integrate gaming elements, potentially affecting **Bitcoin** and **altcoin** projects with similar mechanics.

As regulators worldwide intensify oversight of **digital asset** platforms, this FIFA case underscores the importance of compliance in the evolving **cryptocurrency** landscape, potentially influencing future **blockchain** gaming and **NFT** marketplace development strategies across Europe.

Article Details

Market Sentiment
positive
Category
regulation
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Regulation#NFT

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Source: Cryptopolitan

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