TLDR
- ADI Predictstreet’s blockchain generates about $7,248 in daily fees, despite a token valuation of $6.9 billion.
- The network’s total value locked sits at roughly $4.14 million, far behind rivals like Kalshi and Polymarket.
- Trades on ADI Chain settle in USDC.e, a stablecoin built by a rival company, not ADI’s own dirham-pegged coin.
- A three-key wallet controls upgrades to the network, but the people behind it and the rules they follow are not public.
- In regulated markets such as the UK, ADI sends customers to a partner exchange called Matchbook instead of using its own blockchain.
ADI Predictstreet became a partner of the FIFA World Cup this summer. The company built its pitch around ADI Chain, a blockchain it calls institutional grade. But the numbers on that chain tell a different story than the marketing.
A source told Gambling Insider in July that the platform handled about 126,000 trades over its first 18 days. That figure is a count, not a dollar value. The actual worth of those trades was never shared publicly.
What The Trades Are Actually Worth
Trade sizes visible on the blockchain give a clue. A random check found trades ranging from about $4 to $35 each. That puts the 18-day total somewhere between $1 million and $4 million.
That estimate lines up with other public data. The chain’s total value locked was about $4.14 million in mid-August. Daily fees sat at $7,248.
For comparison, Kalshi’s World Cup winner market alone processed about $1 billion. Polymarket’s version of the same market handled close to $4 billion.
Most of the daily trades on ADI Chain come from the platform’s own automated order-matching system. This means the trade count does not equal thousands of individual bettors.
Order sizes are small. One trade on August 19 moved about $28. Others settled for $10, $8.60, and $4.40 in the same minute.
Where The Money Actually Settles
ADI promotes its own stablecoin system, but the trades on its chain settle in USDC.e, a bridged version of the dollar coin issued by Circle. It has more than 21,000 holders on the network.
ADI’s own dirham-pegged coin, called DDSC, has only 63 holders. That is despite the coin’s official backing from the UAE Central Bank.
The exchange’s code is built on CTFExchange and ConditionalTokens contracts. These are the same building blocks used by Polymarket, one of the best known prediction markets.
Control of the network rests with a shared wallet that requires three keys to approve changes. All three keys were funded within days of each other in late 2025, shortly before the wallet was created.
The identities behind those keys, and the rules for how many signatures are needed to act, have not been published. Security audits from OpenZeppelin and Hacken cover the token and certain contracts, but not the wallet that controls network upgrades.
In the United Kingdom, one of the largest regulated betting markets in the world, ADI customers are routed to Matchbook, a betting exchange that runs on standard technology. The blockchain does not appear in that transaction.
ADI announced a partnership with the streaming platform DAZN in July. The plan includes prediction markets tied to live sports and a DAZN-branded stablecoin described as powered by ADI Chain.
ADI has raised $50 million to date. Its token carries a fully diluted valuation of $6.82 billion, according to CoinMarketCap.
By comparison, a competing platform called Novig reported $125 million in trading volume during its first week after launching nationwide in the United States on August 4.
