Swiss gambling agency Gespa has launched a preliminary investigation into the sale of blockchain-based tokens by FIFA.
Bloomberg reported on Monday that regulators are deciding whether FIFA's “right to buy” token constitutes a form of gambling under Swiss law. GESPA director Manuel Richard said the offer “may be relevant under gambling law” and further stated that a fact-finding investigation would determine whether regulatory action was warranted.
Developed by blockchain company Modex Tech Ltd., the Tokens will allow holders to purchase tickets for a specific match after the sale is opened. Some people are tied to their national team, such as the $999 “Finals: England” token, which guarantees access to the final only if the chosen team qualifies.
The structure raises questions about speculative behavior, as most buyers will not receive tickets if their team does not advance. According to The Athletic, FIFA reportedly earned approximately $15 million from these sales.
The 2026 tournament, hosted across the United States, Mexico and Canada, is projected to generate $11 billion for FIFA.
