Sports platform Chilliz is working toward a return to the US

According to reports, Sports platform Chilliz is working toward a return to the US

The U.S. Securities and Exchange Commission (SEC) met with crypto platform Chilliz to discuss a potential return to the U.S. market, according to a recent SEC filing.

During the meeting on April 22, 2025, which was part of the SEC’s efforts to engage with industry leaders, Chilliz expressed interest in returning to the U.S. market following a period of absence.

The SEC shared details of the meeting in a news log posted on its website. The filing mentions that Chilliz is planning a return ahead of the 2026 FIFA World Cup and is seeking to introduce fan tokens to U.S. sports teams.

The company shared a draft letter to the SEC asking regulators not to classify its fan tokens as securities. Instead, Chilliz highlighted the unique benefits and engagement opportunities that its tokens provide to fans.

The meeting with the SEC comes amid a broader discussion on fan tokens in the U.S., with regulators focusing on the investment nature of such tokens.

Earlier this year, the SEC intervened in a case concerning the classification of fan tokens, aiming to determine if they fall under the regulatory framework for securities.

In a recent interview, Greg Benedict, the CEO of blockchain platform Hedera, also touched upon the importance of clear regulations for fan tokens in the U.S.

Benedict emphasized the potential of fan tokens to revolutionize fan engagement and create new revenue streams for sports teams, especially in the wake of the U.S. Congress's approval of a bill to regulate fantasy sports betting.

"We’re going to see a lot more cooperation between the leagues, the teams, and blockchain companies to try and make this work in a compliant way," Benedict said.

This would be especially beneficial for NBA and NFL teams, as both leagues are constantly searching for new revenue streams.