Switzerland is investigating FIFA’s “right-to-buy” tokens for the 2026 World Cup to ensure compliance with gambling regulations. The tokens, sold on FIFA’s NFT marketplace, allow conditional purchase rights for match tickets. No wrongdoing has been alleged by the regulator, which is collecting facts for further action if needed.

FIFA’s “Right to Final” tokens for the 2026 World Cup range from $299 to $999, selling out quickly based on team odds. These tokens provide a reserved purchase window for specific matches, addressing high demand for tickets at major events. FIFA introduced these tokens to manage ticket requests more efficiently.

FIFA has embraced NFT technology, using blockchain for digital collectibles, ticket access rights, and gaming. The organization began exploring Web3 and NFTs in 2022, launching its platform, FIFA Collect, on the Algorand blockchain. In 2023, FIFA collaborated with Modex to release NFTs for ticket access to the 2026 World Cup finals.

In May, FIFA transitioned its NFT marketplace from Algorand to Avalanche, aiming to power its layer-1 blockchain. The move enhances connectivity with mainstream wallets and DApps, optimizing the user experience. With a global fan base exceeding five billion, Avalanche Subnets will support FIFA’s dedicated blockchain for event-driven surges like the World Cup.

Read more at Cointelegraph: Gespa opens probe into FIFA ‘Right to Buy’ World Cup NFTs