Swiss Authorities Investigate FIFA's Tokenized Ticket Purchase Rights for Gambling Concerns

Swiss gambling regulatory authorities have initiated a preliminary investigation into the sale of the blockchain-based 'Right-to-Buy' tokens, officially recognized by the International Football Association (FIFA), as reported by Bloomberg. The investigation aims to determine whether FIFA is complying with domestic gambling laws and whether the tokens are being sold as a chance to win tickets to sports events or are offering something akin to gambling. Manuel Richard, head of the regulatory authority Gespa, explained based on initial assessments, c...