The German federal gambling regulator GGL has initiated an investigation into ADI Predictstreet. The probe examines whether the prediction market operator permitted German residents to place bets during the FIFA World Cup.
Regulatory Compliance Review
ADI Predictstreet operates a prediction market platform that recently secured a partnership with FIFA. This collaboration increased the company's global profile during the ongoing World Cup tournament. The regulator is reviewing the company's compliance with local gambling laws regarding cross-border betting activities.
The investigation specifically targets the availability of World Cup betting options for users located in Germany. The GGL is verifying if the platform adhered to licensing requirements while offering these services to the German market.