FIFA’s Prediction Market Associate Scrutinized for Doubtful Trading Activity

Key Moments: ADI PredictStreet reportedly paid over $150 million to become FIFA’s “Official Prediction Market Partner” in April despite not being operational at that time An investigation uncovered that $108 million of $167 million traded on the platform through late September originated from wallets funded by a single cryptocurrency source The majority of trading activity since late August came from a network accounting for 99% of all volume, highlighting potential concerns about market legitimacy Unusual Trading Patterns Uncovered ADI PredictStreet, a relatively unknown prediction-market platform before this year’s World Cup…