While no country has ever been stripped of the World Cup, Qatar has already faced corruption allegations relating to its hosting of soccer's biggest event. It has also been criticized for its treatment of foreign workers building the World Cup facilities and questioned as to the practicalities of matches being held in temperatures of 40 degrees Celsius (104 degrees Fahrenheit) or higher. Plus, the country lacks history in the sport.
"Could Qatar lose the World Cup? Our sense is that it's unlikely but definitely within the realm of possibility," said Josh Levin, an analyst at Citi, in a research note on Thursday.
Qatar is slated to spend a total of around $200 billion on infrastructure related to the World Cup, according to Levin.
FIFA President Sepp Blatter has said that awarding Qatar the World Cup was a "mistake," despite his previous endorsement, but that the decision would not be revisited.