
Harvard study: 65% of FIFA sponsor ADI Predictstreet's volume came from linked wallets
- —ADI Predictstreet paid FIFA more than $150 million to become an official World Cup partner
- —The platform reported about $167 million in trading volume through the end of September
- —$108 million of that volume flowed through 795 linked wallets sharing a common funding source
- —ADI Predictstreet is tied to Sheikh Tahnoon bin Zayed Al Nahyan's International Holding Company
Why it matters: The case shows how on-chain data can expose wash trading at crypto platforms that spend heavily on sports sponsorships.
Source: Bithub