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Gespa refers FIFA Collect to Swiss prosecutors over alleged illegal gambling

Enforcement & compliance

Switzerland’s Gespa filed a criminal complaint with prosecutors over FIFA Collect, alleging that features on the platform constitute illegal gambling. The regulator said paid activities involving chance-based outcomes and monetary rewards may fall under Swiss gambling law; prosecutors will make the final legal determination. Gespa said it was required to report potential violations and may assist the investigation.

Prosecutors’ determination could clarify whether FIFA Collect’s paid, chance-based features fall under Swiss gambling law.

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Gibraltar reviews ADI Predictstreet after $108m linked-wallet trades

Blockchain analysis reported by The Wall Street Journal found that about $108m of the $167m traded on FIFA prediction market partner ADI Predictstreet through late September came from wallets apparently tied to the company. Gibraltar's gambling commissioner, Andrew Lyman, said a preliminary review found no breach of self-trading rules and no consumer harm. The findings do not prove deliberate manipulation, the report said.

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