UK Parliamentary Committee Issues Warning Over Sports Fan Tokens
The UK House of Commons Culture, Media, and Sport Committee has warned against soccer clubs using fan tokens, citing concerns about their lack of fan engagement and price volatility. The committee recommends excluding fan tokens from any measurement of fan engagement in sports and future regulations. Fan token issuer Socios argues that fan tokens provide access and membership rights to fan communities and should be regulated as commodity purchases or financial transactions
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UK Parliamentary Committee Issues Warning Over Sports Fan Tokens
The UK House of Commons Culture, Media, and Sport Committee has warned against soccer clubs using fan tokens, citing concerns about their lack of fan engagement and price volatility. The committee recommends excluding fan tokens from any measurement of fan engagement in sports and future regulations. Fan token issuer Socios argues that fan tokens provide access and membership rights to fan communities and should be regulated as commodity purchases or financial transactions