FIFA Collect Faces Criminal Probe Over Unlicensed Gambling

FIFA’s ambitious foray into the Web3 world through its NFT platform ‘FIFA Collect’ is now under scrutiny by Swiss authorities. GESPA, the Swiss Gaming Supervisory Authority, filed a criminal complaint against FIFA Collect, alleging it operates unlicensed gambling services in Switzerland. This action stems from competitions on the platform offering cash prizes for users who participate in random events with potential lottery-like elements, all of which violate Swiss law regarding regulated gambling.