Spain this week became the first nation to hold both the men's and women's FIFA World Cup titles. The achievement comes as crypto prediction markets saw $4.2 billion in volume during the tournament, and fan tokens are cashing in on the excitement. Kraken, the US-based exchange, debuted as FIFA's official exchange.
Spain's historic double
Spain's women's team won the World Cup in 2023. Now the men's side has done the same in 2026, making the country the first to hold both trophies simultaneously. The feat has sparked celebrations across the crypto world, where fan tokens tied to national teams and players have seen a surge in trading.
Prediction market boom
Crypto prediction markets recorded $4.2 billion in volume amid World Cup fever, according to data from multiple platforms. Bettors used tokens to wager on match outcomes, goal scorers, and tournament winners. The volume is a sign of how deeply crypto has embedded itself in sports fandom.
Kraken's official role
Kraken debuted as FIFA's official exchange this month, a partnership that gives the exchange visibility during the world's biggest sporting event. The deal includes branding at stadiums and integration with FIFA's digital assets. Kraken is now the go-to platform for fans looking to buy or trade World Cup-related tokens.
Fan tokens surge
Fan tokens issued by national federations and clubs have seen a spike in trading volume and price. Tokens for Spain, Brazil, and Argentina are among the most active. The tokens let holders vote on minor team decisions and access exclusive content. With the men's World Cup still underway, volumes are expected to stay high.
