Switzerland’s Gambling Supervisory Authority (GESPA) filed a complaint against FIFA Collect, alleging it is an unlicensed gambling provider due to competitions offering user rewards like airdrop campaigns. GESPA states that these competitions constitute gambling under Swiss regulations, as they involve monetary stakes and random draws for prizes.

GESPA considers the offers on FIFA Collect to be partly lotteries and partly sports betting, highlighting the platform’s legal gray areas. Switzerland only has two nationwide regulated sports gambling providers, Sporttip and Jouez Sport, according to GESPA. The complaint underscores the challenges that emerging technologies like NFTs and Web3 platforms face in navigating existing legal frameworks.

GESPA initiated a probe into FIFA Collect in October over its “Right to Buy” NFTs, granting ticket reservation rights for the 2026 FIFA World Cup. These NFTs allow holders to purchase tickets at face value to prevent price gouging in secondary markets. FIFA Collect has launched various NFT collections and plans to migrate to its own blockchain network, FIFA blockchain, on the Avalanche network.

Read more at Cointelegraph: Swiss Regulator GESPA Files Complaint Against FIFA NFT Platform