PredictStreet drops Trump stablecoin after FIFA World Cup launch falls flat
PredictStreet, a UAE-linked prediction market platform and FIFA's official prediction-market partner for the World Cup, has scrubbed a Trump-branded stablecoin from its site. The contract attracted very little trading during the first weeks of the tournament. PredictStreet recently announced a deal to bring on Kalshi as a co-sponsor. The platform had previously said deposits would only be accepted in certain forms, though sources do not detail the full context of the stablecoin offering.
Stablecoin-tied deposits were PredictStreet's attempt to carve out payment infrastructure distinct from the banking partners that serve Kalshi and Polymarket. The quiet removal shows that crypto-native settlement did not pull traders from established venues during the highest-profile event on PredictStreet's calendar. Kalshi's co-sponsorship deal now carries more weight: PredictStreet needs the US-registered exchange's payment rails and regulatory credibility to keep traders on its FIFA-branded platform.
For prediction market operators still experimenting with crypto deposits, the flop is a data point against building proprietary stablecoin stacks when partnerships with regulated exchanges already exist. The scarce trading also signals that World Cup branding alone does not convert sports bettors to event-contract formats unfamiliar outside the US.
PredictStreet joins an expanding roster of non-US platforms leaning on Kalshi's CFTC registration for credibility, alongside media partners like Covers.com that embed Kalshi widgets to reach sports-betting audiences without building regulated infrastructure.