Gespa Files Complaint Against FIFA Over World Cup Tokens

TheCryptoTimesPublicado a 2025-10-17Actualizado a 2025-10-17

The Swiss Gambling Supervisory Authority, known as Gespa, has filed a criminal complaint against the Fédération Internationale de Football Association (FIFA) over its blockchain-based ticketing platform, FIFA Collect, which offers non-fungible tokens (NFTs) linked to the 2026 World Cup.

In its filing, Gespa said the platform appears to provide unlicensed gambling services, calling them “illegal” in Switzerland. 

Earlier this month, Gespa had already opened a preliminary investigation into the sale of these tokens to determine whether they could be classified as a form of gambling under Swiss law. 

According to Gespa, the platform features various NFT drops, challenges, and other competitions that require users to pay to participate. They can win money based on random draws or match results. Some of these activities may qualify as lotteries, while others resemble sports betting, such as the “Right to Final” token, which lets fans purchase a ticket to the World Cup final only if their chosen team qualifies.

Gespa said it is obliged to alert law enforcement whenever it suspects violations of Switzerland’s gambling laws. The case will now move to the prosecutor’s office, which will decide whether to pursue formal charges. 

“From a gambling law perspective, the offers in question are partly lotteries and partly sports betting,” the regulator said. However, FIFA has not yet commented on the complaint. 

About the ‘Right to Final’ token

FIFA launched its NFT-based “Right to Buy” system last year, giving fans the option to secure a guaranteed purchase right for certain 2026 World Cup matches. These tokens can also be traded on secondary markets.

The Right to Final tokens drew attention earlier this year for being costly and risky. For example, the “Right to Final: England” token sold for about $999 and quickly sold out. It gives holders the chance to buy a ticket to the World Cup final only if England reaches the match, meaning most tokens could end up worthless if teams are eliminated.

Also Read: Tether Freezes 22 Wallets Across Ethereum and Tron


Mobile Only ImageMobile Only Image

Lecturas Relacionadas

JPMorgan Research Report Analysis: Moderna's INT Trial Meets Endpoints, but Market Already Priced In

On August 19, J.P. Morgan (JPM) published a research report analyzing Moderna's recent Phase III trial success for its Individualized Neoantigen Therapy (INT), developed in partnership with Merck, in adjuvant melanoma. The trial met its primary endpoint of significantly improved recurrence-free survival and the key secondary endpoint of distant metastasis-free survival. While JPM acknowledged the strong clinical value of these results, particularly the prevention of distant metastasis, the bank stated that this success was widely anticipated, with an 85% prior probability of success, and is already reflected in Moderna's current market valuation. Following the announcement, Moderna's stock rose in pre-market trading. However, JPM maintained its Underweight rating and $40 price target, implying approximately 36% downside from the current price of ~$63. The core rationale is that the success in adjuvant melanoma, a relatively small market in immuno-oncology, is fully priced in. Moderna's future valuation hinges entirely on INT's ability to demonstrate similar efficacy across broader cancer indications. JPM's valuation model incorporates only a modest risk-adjusted value (~$3/share) for the melanoma approval. Approximately $15/share of its target price is attributed to INT's potential in other cancer types. The report identifies upcoming data readouts in non-melanoma cancers (e.g., lung, head & neck, renal) as the critical variable that will determine the platform's ultimate value. Upside risks include better-than-expected data in these new indications, while downside risks involve clinical failures, regulatory delays, or commercial underperformance. In conclusion, JPM views the pre-market stock move as driven by short covering and trading sentiment rather than a fundamental re-rating. The bank remains bearish, arguing that Moderna must now prove INT's efficacy as a platform technology beyond melanoma to justify its current market cap.

marsbitHace 40 min(s)

JPMorgan Research Report Analysis: Moderna's INT Trial Meets Endpoints, but Market Already Priced In

marsbitHace 40 min(s)

Treasury Department Directly Intervenes to Suppress Long-Term Interest Rates

The article discusses the U.S. Treasury's recent direct intervention to suppress long-term bond yields through buyback operations. While distinct from traditional Yield Curve Control (YCC), this move is interpreted as direct government intervention in its own financing costs. The author emphasizes the short-term tactical nature of this action and contrasts it with the Federal Reserve's upcoming, potentially divergent, policy stance at Jackson Hole. The core issue is framed as a long-term U.S. strategic dilemma: managing high deficit levels. The analysis argues that deficit reduction cannot realistically come from spending cuts or traditional industries, but must rely on achieving higher economic growth driven by technological breakthroughs. Current monetary tightening, while possibly curbing yields and inflation in the short term, is seen as potentially counterproductive to this necessary long-term investment in technology and supply chain resilience. The piece draws historical parallels, placing the current intervention between the 2000-2002 Treasury buybacks (for liquidity) and larger-scale Fed-led "Operation Twist" maneuvers. The effectiveness of the Treasury's action is deemed limited without Federal Reserve cooperation, which would signify a more significant policy shift. Ultimately, the author views such technical, bureaucratic interventions as treating symptoms rather than the underlying disease of the U.S. economy's structural challenges and "K-shaped" divergence. The conclusion suggests that sustained yield suppression by the Fed, combined with specific geopolitical outcomes, could serve as a catalyst for a more profound discussion on broader U.S. and dollar trajectory.

marsbitHace 40 min(s)

Treasury Department Directly Intervenes to Suppress Long-Term Interest Rates

marsbitHace 40 min(s)

Trading

Spot
活动图片