ADI Predict Street, newly announced as an official betting partner for the FIFA World Cup 2026, faces intense scrutiny following revelations of its CEO's alleged past insider trading activities in India. The company also recently partnered with sports streaming giant DAZN, which plans to integrate ADI Predict Street's platform into its World Cup coverage. The news of these partnerships and the allegations against CEO Ajay Bhatia, who has since been replaced, have cast a shadow over ADI Predict Street's public debut.
Right up until the moment it was unveiled as an official betting partner for the FIFA World Cup 2026, ADI Predict Street had almost no public presence. It had a landing page, with a countdown to a launch date, and a gambling licence from Gibraltar, issued just days earlier. A couple of weeks later, it went on to announce a separate partnership with DAZN , a global sports streaming giant that owns Foxtel and Kayo Sports. DAZN – sometimes called the 'Netflix of Sport' – said it planned to integrate ADI Predict Street's platform into its coverage of the 2026 FIFA World Cup.This, the company said in a press release, was only a first step towards rolling the gambling product out more widely across its global streaming platform. In Australia, the World Cup will be exclusively broadcast by SBS; however, DAZN has the local rights to major Australian and international sports.
When ADI Predict Street was unveiled as FIFA's betting partner, Ajay Bhatia was up on stage, representing the company. He posed for photos alongside FIFA president Gianni Infantino, the two of them holding up a jersey with the ADI Predict Street logo on the back.He had been accused of insider trading in India, allegedly using information he gained while working at a subsidiary of the same company that controls ADI Predict Street. At the time of the trading in question, Bhatia was the CEO and managing director of QuantLase Lab, a company backed by the United Arab Emirates royal family. He was accused of buying shares in Adani Group — an Indian energy giant — ahead of a public announcement that QuantLase Lab's parent company would be investing in Adani Group.
The day after Bhatia's history was revealed by Norwegian football news outlet Josimar, ADI Predict Street named a new CEO — Dimitrios Psarrakis. The same outlet pointed out Psarrakis' prior professional relationship with Eva Kaili, a former vice president of the European Parliament, who is at the centre of an unrelated corruption scandal involving the previous FIFA World Cup. Kaili has not been convicted of any crime.'Dimitrios has never been charged with any wrongdoing,' the company told Josimar in a statement. 'Today, he remains a globally recognised blockchain expert and a speaker at top-tier universities, international organisations, as well as professional summits on FinTech, RegTech, Blockchain and the Digital Disruption of Banking and Financial Services around the globe.'
With only 53 days until the World Cup kicks off, the ADI Predict Street website doesn't yet accept real money bets. It launched a 'free to play practice environment' a few days after the FIFA announcement, which doesn't appear to have seen any use. All six available markets on the site show zero betting activity. The website also fails to load in some browsers, with Firefox warning visitors of 'a potentially serious security issue'.
The ADI Foundation, an Abu Dhabi-based non-profit, launched its namesake blockchain — ADI Chain — in December 2025.There was a new cryptocurrency backed by the UAE's central bank, and strategic partnerships with Mastercard, Crypto.com, and banking platform Fasset.During this period, the foundation made no public announcements about its plans to launch a betting service on the ADI blockchain. But it was quietly readying itself for the launch. In late January, ADI Predict Street's website domain was registered. A few months on, just days ahead of the FIFA deal going public, the company received its licence from Gibraltar's gambling regulator.
ADI Predict Street refers to itself as a 'prediction market' rather than an online betting site.Prediction markets are blockchain-based gambling platforms that allow users to bet on the outcome of almost anything, including sports, wars, geopolitics and even the timing of Jesus' return.Australia's media regulator, the ACMA, warned Polymarket last year that it was offering a betting service without an Australian licence, and instructed internet providers to block its website. The ACMA has told the ABC it is 'seeking additional information from DAZN about implications, if any, for Australian customers' arising from its new partnership with ADI Predict Street'.
FIFA World Cup 2026 ADI Predict Street DAZN Betting Partner Insider Trading
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