UAE ADIPredictStreet removes World Liberty USD1 references
UAE-linked prediction market ADIPredictStreet has removed references to World Liberty Financial’s USD1 stablecoin from its website and replaced them with Circle’s USDC, as the Trump family-backed crypto venture faces a legal dispute with Justin Sun and allegations from US Democratic lawmakers over foreign influence.
The website change followed inquiries from Bloomberg, which reported on November 11 that blockchain analysis by TickerTracker found no evidence of USD1 being used for trading on PredictStreet. Transactions were instead conducted in USDC.
PredictStreet, FIFA’s official prediction-market partner for the World Cup, had previously said deposits would only be accepted in USD1. The platform told Bloomberg that its website contained outdated information from its launch phase, when the team was considering several stablecoins.
The distinction is important: the reported change concerns the removal of USD1 website references, rather than a verified switch away from USD1 trading. Bloomberg’s reporting does not establish that Sun’s lawsuit or Democratic criticism prompted the update.
Justin Sun challenges UAE ownership disclosure
The update comes after Tron founder Justin Sun said on November 3 that his lawyers had sought sanctions against World Liberty and its legal team over the timing of its UAE citizenship disclosure.
Sun sued in April, alleging that World Liberty induced his investment through fraud and unlawfully froze his WLFI tokens. According to Sun, the company initially listed only Florida citizenship before expanding its disclosure in August to identify 22 entities in its ownership chain, with citizenship spanning Florida, Delaware, Puerto Rico and the UAE.
World Liberty subsequently argued that the presence of foreign parties on both sides meant the federal court lacked jurisdiction, Sun said. His allegations concern WLFI tokens, not PredictStreet’s use of stablecoins. World Liberty previously defended the token freeze. According to Sun, its lawyers said they learned of the UAE citizenship after the original disclosure.
Democrats question foreign influence
World Liberty’s overseas ties have also drawn criticism from Democratic lawmakers. In a July 2025 statement, House Financial Services Committee Democrats led by Maxine Waters alleged that foreign investment in the venture created a channel for buying influence over US policy. They highlighted Abu Dhabi’s use of USD1 for a $2 billion investment in Binance.
Separately, Bloomberg reported that an investment vehicle backed by UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan agreed to pay $500 million for a 49% stake in World Liberty. MGX, which Tahnoon also chairs, used USD1 for its Binance investment.
Those accusations are disputed. Responding to a separate foreign-emoluments lawsuit in October, World Liberty told CNBC that it complies with US law and that the claims were without merit. The White House denied any conflicts of interest.
PredictStreet’s own ownership disclosures have also come into focus. Bloomberg reported that International Holding Company’s June financial statements listed its operator as a subsidiary. IHC said the platform was no longer a subsidiary, while PredictStreet CEO Dimitrios Psarrakis said ownership had moved to the Predict Street Foundation in Abu Dhabi without the official disclosures yet being updated.
For PredictStreet, the immediate explanation remains a correction to its public messaging: its website now names USDC, while the company says the earlier USD1 references reflected options considered before launch.
