The prediction platform SafeBets is launched, and the related entity of Unicoin faces a lawsuit from the SEC

According to Forbes, blockchain pioneers Scott Stornetta and Stuart Haber have joined the prediction market platform SafeBets as advisors. The platform allows users to make predictions without investing real money, using free points instead, with correct predictions earning Unicoin token rewards. SafeBets positions its business as "market research" rather than betting, distinguishing itself from competitors like Polymarket and Kalshi, which face legal risks.

SafeBets Executive Director J. Tennyson Singer stated that the platform's long-term plan is to monetize users' collective prediction data by providing trading signals to affiliated brokerage firms, and it has already attracted thousands of participants for the World Cup events, with plans to expand into political prediction areas such as the U.S. elections.

According to Unicoin Inc.'s quarterly report submitted to the SEC, SafeBets is wholly owned by Unicoin CEO Alex Konanykhin. Unicoin has been facing an SEC lawsuit since May 2025, accused of inflating fundraising amounts in token sales and falsely advertising its "SEC registered" status. Unicoin claims that the allegations are "baseless" and will actively defend itself. The Unicoin tokens awarded to users come from this litigated entity. Unicoin is currently conducting equity financing at a price of 25 cents per share, targeting $20 million.