ADI Predictstreet launched its FIFA-branded prediction market on June 8, going live in Gibraltar and reaching 23 U.S. states through a co-branded World Cup Hub with Fanatics Markets ahead of the tournament's June 11 opener. The platform enters a crowded American prediction-market field dominated by Kalshi and Polymarket, both of which have drawn record inflows ahead of kickoff. Gibraltar granted ADI what officials describe as its first prediction-market operator license in a reported nine days, prompting scrutiny over the approval process, while the company's ownership traces to Abu Dhabi's International Holding Company through Finstreet and CEO Dimitrios Psarrakis has denied links to the 2022 Qatargate investigation.
ADI Predictstreet Launches in 23 U.S. States via Fanatics Markets Partnership
ADI Predictstreet went live on June 8, launching in Gibraltar ahead of the tournament's June 11 opener and reaching the U.S. through a co-branded World Cup Hub with Fanatics Markets. The hub is now available in 23 states, giving American traders access to FIFA-branded prediction contracts for the first time. Built on ADI Chain, the platform lets users fund accounts with both crypto and fiat, streams every World Cup match in eligible jurisdictions, and settles eligible markets through what it calls a near real-time resolution engine. The Fanatics hub carries official FIFA player data and tournament news alongside the markets. ADI Predictstreet CEO Dimitrios Psarrakis said Fanatics' "reach and understanding of the American sports fan is unmatched," describing the U.S. as "a strategically important market" as the World Cup's primary host country. The launch drops ADI into the territory Kalshi and Polymarket have spent months contesting. Both venues have drawn record inflows ahead of kickoff. FIFA's decision to anoint a single official partner hands a newcomer the tournament's branding at the exact moment prediction markets have gone mainstream in U.S. sports.
Gibraltar Issues First Prediction-Market License in Nine Days
Gibraltar issued ADI what officials describe as its first prediction-market operator license. Reports that the approval came nine days after the company was incorporated, at the justice minister's discretion, prompted criticism that the process was rushed. Gibraltar's gambling commissioner, Andrew Lyman, pushed back, calling the reporting "sensationalist" and arguing that speed did not mean a lack of scrutiny.
ADI Predictstreet Traces to Abu Dhabi's IHC Through Finstreet
ADI Predictstreet traces through Finstreet to Sirius International Holding, the digital arm of Abu Dhabi's International Holding Company, linking it to one of the emirate's largest conglomerates. Its leadership has drawn attention: Josimar has reported that Psarrakis previously advised former European Parliament Vice President Eva Kaili, arrested in the 2022 "Qatargate" investigation tied to the Qatar World Cup. Psarrakis denies any involvement and Kaili denies wrongdoing.
Platform Deploys Compliance Stack via Sumsub and Global Ledger
ADI says its compliance stack includes identity checks through Sumsub, blockchain analytics via Global Ledger and transaction monitoring from Modulus. The company describes the infrastructure as built to meet integrity standards in regulated markets. The platform is live and taking positions, a shift from the spring when ADI's earlier moves drew skepticism over whether it was operating at all.
FAQ
What did ADI Predictstreet launch on June 8?
ADI Predictstreet launched its FIFA-branded prediction market on June 8, going live in Gibraltar and reaching 23 U.S. states through a co-branded World Cup Hub with Fanatics Markets ahead of the tournament's June 11 opener.
Why did Gibraltar's nine-day licensing process draw scrutiny?
Reports that Gibraltar approved ADI's first prediction-market operator license nine days after the company was incorporated, at the justice minister's discretion, prompted criticism that the process was rushed, though Gibraltar's gambling commissioner called the reporting "sensationalist" and argued speed did not mean a lack of scrutiny.
How does ADI Predictstreet connect to Abu Dhabi's International Holding Company?
ADI Predictstreet traces through Finstreet to Sirius International Holding, the digital arm of Abu Dhabi's International Holding Company, linking it to one of the emirate's largest conglomerates.
