Regulators in several countries immediately moved to block ADI Predictstreet, Fifa’s $150m prediction market sponsor, for operating illegally on the very day it went live.
By Martin Calladine, Philippe Auclair and Sam Kunti
This is the sixth part of Josimar’s investigation into Fifa’s partnership with Predictstreet. The first part reported that the company’s founder paid a six-figure sum to settle accusations of insider trading. The second part revealed Predictstreet’s new CEO’s ties to Qatargate, one of the biggest lobbying scandals in EU history. The third part detailed how, in 2018, Predictstreet’s head of anti-money laundering (AML) accepted a two-year ban on financial activity in Gibraltar after overseeing AML failings at a former employer. The fourth part revealed how ADI Predictstreet received its Gibraltar gambling licence a mere nine days after the company was founded, and that one of its directors works for a law firm of which the Minister who issued that licence is a partner. The fifth part reported that ADI had failed to trademark any of its IP and was being cybersquatted in the Google app store by an illegal casino.
Fifa’s early April announcement of ADI Predictstreet as its first prediction market partner raised immediate eyebrows: a two-week-old company paying a
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