ADI PredictStreet, described as the official prediction-market partner of the World Cup, has removed from its website statements that it operates using USD1, the stablecoin of World Liberty Financial (WLFI), and replaced them with USDC. The change followed repeated inquiries from Bloomberg, according to a report by the crypto outlet PANews, which relayed Bloomberg’s findings. WLFI is a crypto project linked to the Trump family.
ADI PredictStreet said the original information was outdated, according to Bloomberg as relayed by PANews. The exact date of the website change was not given.
What the on-chain analysis found
Bloomberg commissioned an on-chain analysis from TickerTracker. According to that analysis, there was no evidence of USD1 trading on the platform, which instead uses USDC, the stablecoin issued by Circle.
This sits in tension with the website’s earlier wording. The site first said the platform ran on USD1, while the on-chain check found only USDC activity. The platform’s explanation is that the earlier text was out of date.
Ownership links
The report also touches on the platform’s corporate ties. The operator of PredictStreet was previously listed as a subsidiary of International Holding Company (IHC), which is linked to Tahnoon, the national security adviser of the United Arab Emirates. An IHC spokesperson said the operator is no longer a subsidiary, according to Bloomberg via PANews.
USD1 and Binance
The report adds data on USD1 itself. According to Arkham data cited by Bloomberg, about 64% of USD1’s circulating supply is held on Binance, and no other exchange holds more than 5%.
What remains unknown
Several points are unclear from the available reporting. It is not known whether PredictStreet ever used USD1 in the past, or when exactly the website was changed. Neither World Liberty Financial nor Circle has been reported as commenting, and it is unclear whether the platform has launched or is processing trades.
The account rests on a single source, PANews, summarizing Bloomberg’s reporting, and CryptoExplor could not independently verify it.
Sources
- panewslab.com PANews — 阿联酋关联预测市场撤下USD1信息，链上分析显示其实际使用USDC Accessed
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