Switzerland just did something it hasn’t done in 72 years. On July 7, the Swiss national team defeated Colombia 4-3 on penalties after 120 minutes of scoreless, nail-biting football to reach the World Cup quarterfinals for the first time since 1954.
Fan tokens and Chiliz ride the World Cup wave
The Chiliz (CHZ) token, which powers the fan token ecosystem on the Socios platform, surged 28% in the wake of the match. Chiliz has positioned itself as the infrastructure layer for sports fan tokens, partnering with major football clubs and leagues to create tradeable digital assets that let fans participate in club decisions and access exclusive rewards.
The 28% spike was driven by a combination of increased trading volume and a broader uptick in fan engagement tied to the knockout rounds.
Prediction markets had a field day
