Chiliz Plans to Re-enter the U.S. Market, Holds Meeting with SEC to Discuss Regulatory Issues

Odaily reports that the sports crypto project Chiliz is preparing to re-enter the U.S. market and has met with the U.S. Securities and Exchange Commission's (SEC) crypto task force on April 22 to discuss fan token compliance issues. Chiliz asserts that its tokens should not be considered securities.

Chiliz expects to return to the U.S. market around the 2026 World Cup, planning an investment between $50 million and $100 million. If regulations become clearer, NBA and NFL teams are interested in launching fan tokens.

Chiliz exited the U.S. market in 2022 due to regulatory uncertainties and the FTX collapse. Despite numerous sports partnerships, its ecosystem has underperformed, with TVL dropping from $17.8 million in December last year to $6.5 million in April this year, and the CHZ token falling by 67% year-to-date.