FIFA’s NFT Platform Faces Formal Complaint Over Gambling Claims

Switzerland’s gambling regulator, GESPA, has filed a formal complaint against FIFA’s NFT platform, FIFA Collect, alleging it operates as an unlicensed gambling provider. The complaint stems from the platform’s “competitions,” which utilize elements of chance to award rewards like airdrops and challenges, according to GESPA. This raises concerns as participation in these competitions requires monetary investment and winners are determined by random draws or similar procedures, constituting potential gambling under Swiss regulations.