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WSJ finds nearly all volume on FIFA-linked Predictstreet is circular trading
- WSJ finds nearly all volume on FIFA-linked Predictstreet is circular trading — The Wall Street Journal reports that about 108 million dollars of the 167 million dollars in transactions on ADI Predictstreet through late September came from cryptocurrency wallets that appear linked to the company, after the platform paid FIFA more than 150 million dollars to become its official prediction market partner. Three Harvard students identified the pattern in public blockchain data, and experts who reviewed it told the Journal the trading appeared inorganic. (Wall Street Journal)
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