We talked about regulatory failure in the industry and government attempts to set up a functioning regulator, and what went wrong when vulnerable investors fell for club token scams.
We discussed:
- the financialization of the game and how clubs are owned, run, and funded;
- the regulatory failures that led to the exploitation of fans in poorer countries, who in some cases lost their livelihoods to football token crypto scams;
- the 2019 crypto branding gold rush, the case of Socios, a “blockchain-based engagement platform”, and the Manchester City token;
- how regulation of the football industry would function;
- the timeline for the formation of a regulator and its chance of success;
- why regulation is in discussion right now;
- the US context and regulation of US soccer and the NFL;
- why players often blindly endorse tokens in a personal capacity;
- whether there’s a place for blockchain technology in football; and
- how AI is affecting the game.
A transcript for this podcast is available here.