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Chiliz price surges amid adoption in South Korea and UEFA Champions League excitement

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Chiliz price surges amid adoption in South Korea and UEFA Champions League excitement
  • Chiliz price rose more than 13% to above $0.0433.
  • Korea’s Naver Pay has onboarded nearly 1 million users to the Chiliz Chain.
  • Top European teams with fan tokens have advanced in the UEFA Champions League.

Chiliz (CHZ) rose more than 13% as investor momentum strengthened.

The token’s price moved higher following a new milestone in Asia’s crypto adoption, while renewed excitement around European football also supported gains, pushing CHZ to its highest level this month.

Chiliz Chain gets Korean boost

Chiliz is looking to gain traction in South Korea following a new integration with Naver Pay, the country’s dominant payment gateway.

On Thursday, Chiliz announced that Naver is bringing its 33 million daily active users on-chain via Chiliz Chain, a move aimed at supercharging growth in the SportFi ecosystem.

As part of the integration, Chiliz said its infrastructure layer—focused on fan engagement and tokenized sports experiences—has added nearly one million new participants in South Korea.

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More than 900,000 Naver Pay Wallets have already been created on the Chiliz Chain, enabling users to access fan tokens, digital collectibles, and blockchain-based sports rewards.

The partnership represents a significant step in linking traditional fintech platforms with Web3 infrastructure, particularly in South Korea, a market known for its high cryptocurrency trading activity.

CHZ Token gains as Europe’s football giants advance in UCL

CHZ’s price action intensified amid UCL semifinal drama.

The token surged by more than 13% intraday, peaking above $0.0433 and emerging as one of the top performers on the day. Gains aligned with a spike in trading volume, which had exploded 262% to over $175 million, as of writing, to signal robust investor enthusiasm.

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This rally coincides with Chiliz’s announcement on X that a Fan Token-backed team is assured a UCL final spot.

Notably, Arsenal, Atletico Madrid, and Paris Saint-Germain (PSG) have all advanced to the semifinals, amplifying hype for their Chiliz-powered Fan Tokens.

Fan Tokens, which let supporters vote on club decisions and earn rewards, saw heightened trading as fans rallied behind their teams.

Chiliz price outlook

Analysts remain bullish on CHZ ahead of the 2026 World Cup in the United States, Canada, and Mexico, projecting a potential rally as the showpiece event draws closer.

In the short-term, CHZ could climb to $0.06 if Korean onboarding sustains and UCL finals deliver fan token spikes.

However, primary resistance sits at $0.045 and $0.05. On the downside, immediate support is likely at $0.038.

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Macro and geopolitical factors could catalyze broader market corrections, which means Chiliz’s price may swing alongside top coins.

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Crypto World

After Kalshi Appeal, Prediction Markets Fight Could Head to Supreme Court

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Law, CFTC, Court, Kalshi, Prediction Markets

An appellate court is expected to reach a decision after hearing arguments from Kalshi and lawyers representing the state of Nevada.

Some legal experts speculated that the state vs. federal jurisdiction battle over regulating prediction markets companies could soon be headed to the United States Supreme Court.

On Thursday, the US Court of Appeals for the Ninth Circuit heard oral arguments from lawyers representing prediction markets platform Kalshi and Nevada authorities over the state’s ban on the prediction markets’ event contracts. The appeal was over a lower court decision preventing Kalshi from offering certain event-based contracts in Nevada, based on claims that the company needed a gaming license.

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Law, CFTC, Court, Kalshi, Prediction Markets
Thursday oral arguments by Kalshi and the State of Nevada. Source: US Court of Appeals, Ninth Circuit

The appellate judge overseeing Thursday’s oral arguments and the lawyer for Kalshi acknowledged that there had been several state-level enforcement actions against the company and other prediction market platforms, including criminal charges filed in Arizona. However, last week a federal court blocked Arizona authorities from enforcing the state’s gambling laws on Kalshi’s event contracts.

“I think the body of case law does demonstrate that what we really need to avoid here is having a state and a federal court considering exactly the same issue at exactly the same time and potentially reaching different outcomes,” said Colleen Sinzdak, representing Kalshi.

Related: CFTC probes oil futures trades tied to Trump’s moves in Iran: Report

Central to Kalshi’s argument was that the platform’s event contracts were “swaps” falling under the purview of the Commodity Futures Trading Commission (CFTC) rather than state gaming authorities. CFTC Chair Michael Selig has backed this position in the case of Crypto.com’s prediction markets against Nevada authorities.

The appellate court did not immediately announce a decision following oral arguments. Any ruling could affect how state courts treat prediction market platforms like Kalshi and Polymarket as policymakers come to terms with the growing market, expected to reach $1 trillion by 2030.

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Coinbase’s top lawyer weighs in on prediction market arguments

Coinbase chief legal officer Paul Grewal, whose company was not a party to the Kalshi proceedings but has a stake in the prediction markets fight, speculated that the case could go the US Supreme Court.

“The questions at oral argument are an unreliable signal in predicting the leanings of a court,” said Coinbase chief legal officer Paul Grewal in a Thursday X post following the oral arguments. “Either way, I stand by my longstanding prediction— the Supreme Court will resolve whether sports [contracts] on [Designated Contract Markets] are swaps subject to the exclusive jurisdiction of the CFTC.”

The US Supreme Court gave states the authority to regulate sports gambling in its 2018 decision in Murphy v. National Collegiate Athletic Association.

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Magazine: Should users be allowed to bet on war and death in prediction markets?