FIFA Plans Blockchain Migration Amid Regulatory Probe

[nihalsari]

FIFA Collect, launched in 2022 on Algorand, is planning to migrate to its own FIFA blockchain, a layer-1 subnet on Avalanche. The transition comes as Swiss regulators investigate its NFT competitions for potential gambling violations. The platform has issued multiple NFT collections since launch, including World Cup ticket rights. FIFA’s blockchain ambitions illustrate how major sports organizations are embracing Web3, even as legal scrutiny over digital collectibles and gamified rewards increases worldwide.

[kelson10]

FIFA’s shift to blockchain shows ambition but raises compliance questions under global scrutiny.

[alex10]

The organization must balance innovation with transparency to regain trust after past controversies.