ADI Predictstreet Enters U.S. Market Amid Licensing Scrutiny
- ADI Predictstreet launched on June 8, offering a FIFA-branded market in the U.S. through Fanatics Markets.
- The platform is accessible in 23 U.S. states, providing American traders with FIFA prediction contracts for the first time.
- Gibraltar granted ADI its first prediction-market license just nine days after incorporation, sparking scrutiny over the licensing speed.
- CEO Dimitrios Psarrakis has denied any links to the “Qatargate” investigation involving former European Parliament Vice President Eva Kaili.
ADI Predictstreet’s launch positions it as a new player in the competitive U.S. prediction market landscape, leveraging a strategic partnership with Fanatics Markets to offer exclusive FIFA-branded contracts during the World Cup.
The rapid approval of ADI’s license by Gibraltar has raised questions about regulatory processes but also highlights the company’s swift entry into a key market segment ahead of significant global events like the World Cup. (Source)
