PredictStreet drops USD1 from its site after Bloomberg inquiries

FIFA’s official World Cup prediction-market partner has stopped telling users it runs on World Liberty Financial’s USD1 stablecoin. ADI PredictStreet removed references to USD1 from its website and replaced them with USDC after several inquiries from Bloomberg, which reported the change on November 11, 2026. Blockchain analysis by TickerTracker, conducted for the report, found no evidence that PredictStreet used USD1 for trading; by that analysis, its transactions ran in USDC, the stablecoin issued by Circle Internet Group.

Until last week, the website described a platform that “operates in USD1” and explained the choice of token: “it combines the stability of the US dollar with the efficiency of blockchain-based transfers.” A company spokesperson called that wording “outdated and inaccurate information that was included by our initial team at our launch phase,” from a time when the platform was weighing several stablecoins.

As of 1:10 p.m. ET on November 11, PredictStreet’s developer documentation on deposits describes them only in USDC and does not mention USD1.

A quiet change of owner

PredictStreet’s ties run to Abu Dhabi. International Holding Company, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser, listed Predict Street Ltd., the platform’s operator, among its subsidiaries in its June financial statements. An IHC spokesperson said PredictStreet is no longer a subsidiary.

Chief executive Dimitrios Psarrakis said ownership had recently shifted to the Predict Street Foundation in Abu Dhabi, without the company’s official disclosures being updated. Tahnoon is also linked to World Liberty, the crypto venture the Trump family co-founded with business partners: a Tahnoon-backed investment vehicle agreed to pay $500 million for a 49% stake in it.

Most of the volume, from accounts funded by one wallet

TickerTracker founder Eric Ramsey identified $388.6 million of transactions on PredictStreet between June 2 and October 22. By TickerTracker’s count, most of it came from two groups of accounts funded by the same wallet that collects the platform’s trading fees, a pattern TickerTracker’s analysis reads as suggesting possible trading between related accounts. The Wall Street Journal first reported the trading patterns in October. Since then, there have been almost no transactions on PredictStreet, Ramsey said.

Volumes on the homepage are small. As of 1:10 p.m. ET on November 11, the trending markets listed there showed volumes between $5 and about $1,800 each, including $294 on an hourly ether contract.

The company “takes questions concerning trading activity and market integrity on its platform seriously,” Psarrakis added, and will “provide further information once our review is complete.” He put its headcount at 40 and named Kalshi among several partners.

Integrity was part of the original pitch. When FIFA named PredictStreet the first-ever official partner in the prediction-market category on April 2, 2026, under a multi-year deal, its release described an integrity framework for the platform’s World Cup activity that would include “real time monitoring of suspicious trading activity.” Europe’s securities regulator warned in September that on blockchain-based platforms where users can hold multiple accounts, coordinated activity is harder to detect.

The Kalshi banner

After drawing very little trading in the first weeks of the World Cup, PredictStreet announced a deal bringing Kalshi on as a co-sponsor of the tournament and began pointing US visitors to Kalshi. The banner is still there. As of 1:10 p.m. ET on November 11, a visit from the US showed “ADI Predictstreet isn’t available in your region. But you can still trade on our official partner platform!” above a “Trade on Kalshi” button, plus a notice that US residents “can access the platform through our official partner — Kalshi.”

Kalshi describes the tie-up more narrowly. A Kalshi spokesperson said the deal was “purely marketing,” adding: “We had a co-branding partnership around the World Cup — onsite branding, signage.”

A larger rival had a different summer. The World Cup brought heavy trading to Polymarket’s US exchange, and TickerTracker figures put its October notional volume above $14.5 billion.

What it shows

Three things look different from the public picture: the stablecoin PredictStreet’s site named, an ownership change its official disclosures had not caught up with, and a US “official partner” that calls the arrangement marketing. Most of the $388.6 million TickerTracker counted came from accounts funded by one wallet, and Ramsey counts almost no transactions since the October report. Until PredictStreet’s review is complete, the on-chain record is what outsiders have to judge who was trading on FIFA’s official prediction market.

Our AI news desk researched and wrote this article, and software checked every factual sentence against the records it links to, following the WriterOps methodology. Report an error.