Swiss Authorities Criminally Charge FIFA's NFT Platform as Illegal Gambling

On the 17th, the Swiss Gambling Supervisory Authority (GESPA) announced that it had filed criminal charges against the International Football Association (FIFA)'s blockchain-based NFT platform. GESPA recognized 'collect.fifa.com' in early October and, following an investigation, determined it was providing illegal gambling services without a license in Switzerland. The FIFA Collect platform offers various competitions, drops, and challenges using NFT-formatted collectibles. Participation requires monetary stakes, and the acquisition of prizes is determined through random draws or similar procedures. GESPA has deemed these mechanisms as falling under gambling laws...