HCS Score
Red Line Violations
Research Opinion, Not a Fatwa
Pre-launch project
Market data will populate once the project goes live. The scoring below is a preliminary review by the CoinStudy Shariah Board.
These are absolute prohibitions in Islamic finance. If any red line is triggered, the asset is automatically classified as HARAM.
Ecosystem Riba Exposure
Not directly or indirectly connected to interest generating mechanisms
Gambling / Betting
No gambling or betting mechanism
Haram Industry
Not involved in haram industry
Based on Red Line Screening and HCS Scoring.
Haram / Non Compliant
This cryptocurrency is evaluated as Haram for investment and use because the asset demonstrates material Sharia compliance concerns within the CoinStudy HCS framework.
Explanation
This asset shows significant concerns related to Sharia compliance, financial structure, or speculative design.
Reviewed by
CoinStudy Shariah Board
For two and a half years, the @world_xyz Twitter account posted almost nothing.
A glowing globe. Cryptic one-liners. The tagline Trade Everything. No team reveal. No product description. No whitepaper. No documentation of any kind beyond the visual suggestion that something significant was coming.
The crypto community speculated extensively. Was it a Nasdaq-style trading application for tokenized stocks? Was it a perpetual futures platform competing with Hyperliquid? Was it broader Solana infrastructure? Was it something entirely novel that the industry had not seen before?
According to CoinDesk research, the platform's identity stayed hidden until late June 2026 when a legal disclosure on Phantom's site surfaced on X, revealing the project's nature through Phantom's regulatory obligation to disclose the parties involved in financial products offered through its wallet. That disclosure, published June 24, 2026, came five days before the public community became broadly aware of it.
The reveal came on July 1, 2026. According to TheStreet Crypto research, World launched on July 1, 2026 as a fully onchain prediction market. A prediction market is a platform where you bet real money on whether an event will occur or not and win if you predict it right.
Trade Everything had meant bet on everything.
For Muslim investors who had followed @world_xyz across two and a half years of cryptic buildup, who had engaged with the account hoping for the follow-back airdrop, who had joined the waitlist, and who had positioned for what they hoped would be a broadly permissible Solana infrastructure play, the July 1 revelation required an immediate and clear compliance response.
This analysis provides that response with the full depth and complete Islamic commercial law framework that every CoinStudy analysis applies, because Muslim investors who have followed this project for years deserve to understand not just the verdict but precisely why the verdict is what it is and what they should do with their current positions.
We ran World.xyz through the full CoinStudy Halal Crypto Standard (HCS) methodology with comprehensive research into all 2026 developments, applying the full range of classical Islamic commercial law principles and AAOIFI standards.
World.xyz fails two CoinStudy HCS Sharia red-line checks definitively: Gambling and Betting because the platform's core product is binary prediction market wagering where users stake capital on uncertain event outcomes and one party's gain comes directly from another's loss with no productive economic activity between them, and Haram Industry because World.xyz is a dedicated prediction market protocol whose entire technical architecture exists to facilitate this wagering mechanism. Two red-line failures result in automatic Haram classification. No participation in the platform, the waitlist, or the $WORLD token is permissible for Muslim investors.
World.xyz is a fully onchain prediction market protocol built on Solana, launched on July 1, 2026 simultaneously at world.xyz and inside the Phantom wallet on iOS, Android, and desktop.
According to CoinMarketCap research, the platform is unrelated to the Sam Altman-backed human verification project that shares the same name. World.xyz is prediction market infrastructure. According to Solana Compass research, Phantom's disclosure describes World in precise terms as a non-custodial prediction markets protocol that provides order routing to liquidity providers on the Solana blockchain.
According to The Defiant research, the platform lets users trade event contracts on crypto prices and the 2026 FIFA World Cup, with sports, geopolitics, and macroeconomic markets planned in the coming weeks. World is non-custodial, funds move only when a user enters a market, and positions, settlement, and redemptions occur onchain.
According to available research, World uses Chainlink Data Streams and the Chainlink Runtime Environment as its primary oracle infrastructure for market data and automatic settlement. Winning positions settle automatically in $CASH, Phantom's native stablecoin, rather than requiring users to manually claim payouts. User positions are represented as Solana SPL tokens held in the trader's own wallet.
According to BeInCrypto research, World launched into a sector where Polymarket and Kalshi already lead with prediction market volumes hitting records. According to Solana Compass research, Phantom had previously offered prediction markets through a partnership with Kalshi from December 2025, then switched to World for all positions opened on or after June 1, 2026, giving World immediate access to Phantom's approximately 20 million users.
The $WORLD token is a separate matter from the World.xyz platform. According to Phantom research, no team, founder, or organization behind the $WORLD token has been publicly identified. The token launched anonymously through Pump.fun in June 2026 before the product announcement. According to available research, the token shares its name with the world.xyz prediction market platform but no official connection between the token and the platform has been confirmed and the platform has not announced a token as of this analysis.
The extraordinary length of World.xyz's pre-launch opacity deserves specific analysis because it reveals important information both about the project's nature and about the compliance framework Muslim investors should apply to similar situations.
According to CoinDesk research, the @world_xyz account had circulated on X since late 2023 with little more than a glowing globe graphic, cryptic posts, and the tagline Trade Everything, fueling speculation the project could be a meme coin, a trading app, or broader Solana infrastructure. For over two years the project published no documentation about its team or architecture.
The reason for this extraordinary opacity was revealed through Phantom's legal disclosure rather than through any voluntary project communication. The disclosure was published because Phantom has regulatory obligations to disclose the parties involved in financial products offered through its wallet. World.xyz's team understood that revealing the prediction market nature of the platform would trigger regulatory scrutiny and community compliance concerns, and deliberately maintained opacity until launch was imminent.
From an Islamic finance perspective this pre-launch information strategy creates a specific and important Gharar concern. CoinStudy's Gharar framework identifies information asymmetry Gharar as a specifically prohibited form of uncertainty where one party holds material information about a transaction that another party does not. When investors followed the @world_xyz account, engaged with its content, and positioned for what they believed might be a broadly permissible Solana infrastructure play, they were making decisions without the material information that the product was a prediction market. The team held that information for two and a half years while community members engaged and positioned.
This is the information asymmetry Gharar that classical Islamic commercial law prohibits: uncertainty created by deliberate information withholding that enables one party to benefit from another's ignorance of material facts.
The compliance concern about information asymmetry is secondary to the core compliance concern about the prediction market product itself. But it is important for Muslim investors to understand that the project's launch strategy itself would have raised compliance concerns even if the product had been permissible.
Understanding precisely how World.xyz's prediction market mechanism operates is essential for the complete Islamic finance analysis, because some Muslim investors have suggested that the onchain, non-custodial, and automated nature of the mechanism might differentiate it from classical gambling. This suggestion requires specific and detailed engagement.
According to BeInCrypto research, World operates as a non-custodial protocol that routes orders to liquidity providers on Solana and does not hold user funds or run the markets itself. Traders keep positions in their own wallets as tokens until they choose to cash out.
The binary market structure works as follows. A market is created around a specific event outcome: will Bitcoin's price be higher or lower in fifteen minutes? Will Team A defeat Team B in the FIFA World Cup? Will a specific geopolitical event occur before a specified date? Users purchase Yes or No position tokens using $CASH, USDC, or SOL. The price of each position token reflects the market's collective probability assessment of the outcome. When the event resolves, according to Chainlink oracle data, Yes position holders receive $CASH payouts and No position holders receive nothing, or vice versa. Users who predicted incorrectly lose their staked capital. Users who predicted correctly receive payouts funded by the capital of those who predicted incorrectly.
According to Polymart research, World.xyz's market maker quotes embed a 2% to 3% spread, which means the platform itself extracts a portion of every prediction transaction as its revenue. This spread is the fee that World.xyz earns for providing the prediction market infrastructure and liquidity routing services.
Every element of this mechanism is precisely described by the classical Islamic definition of Maysir: wagering capital on uncertain future outcomes where one party's gain comes from another's loss through a chance mechanism rather than through genuine productive economic activity. The outcome that determines who wins and who loses, whether Bitcoin moves up or down in fifteen minutes, whether one national football team defeats another, whether a geopolitical event occurs before a date, is entirely outside the productive economic control of any participant. No goods are produced. No services are provided. No genuine economic value is created between the wager's placement and resolution. Wealth simply transfers from those who predicted incorrectly to those who predicted correctly.
Muslim investors who are familiar with blockchain technology sometimes argue that prediction markets on blockchain are different from conventional gambling for two specific technical reasons. These arguments deserve direct and honest engagement rather than dismissal.
The first argument is that non-custodial design eliminates the trusted intermediary that conventional gambling requires, making blockchain prediction markets a form of peer-to-peer contract rather than gambling. This argument correctly identifies a technical difference but misidentifies what the classical prohibition addresses. The prohibition on Maysir is not about the custody of funds during wagering. It is about the economic structure of the activity: wagering capital on uncertain outcomes where one party's gain comes from another's loss with no productive economic activity between them. A non-custodial peer-to-peer gambling arrangement is still gambling. The counterparty being a smart contract rather than a casino cashier does not change the economic substance of the transaction.
The second argument is that prediction markets generate genuine information value for society by aggregating distributed knowledge into accurate probability assessments of future events, making them economically productive rather than purely zero-sum. Polymarket's defenders often make this argument, and it has genuine intellectual merit as a social utility argument. However the social information value of a prediction market exists independently of whether any specific participant's individual transaction creates productive economic value. An individual who bets on the FIFA World Cup outcome is not performing information aggregation. They are betting on a football match outcome with money. The social information aggregation that emerges from millions of such bets is a byproduct of the wagering mechanism rather than the productive activity that individual participants perform. Islamic commercial ethics requires that individual transactions involve genuine productive economic activity, not that their aggregate statistical properties produce useful information.
The most commercially significant and most practically concerning aspect of World.xyz's launch for the Muslim crypto community is the Phantom wallet integration.
According to BeInCrypto research, Phantom reaches roughly 20 million users, giving World immediate distribution without a separate app. According to TheStreet Crypto research, there is no separate app to download, as users simply open Phantom, go to prediction markets, and start trading in seconds.
Phantom is the dominant Solana wallet and is actively used by millions of Muslim investors who hold Solana, trade Solana-native tokens, participate in Solana airdrops, and interact with Solana-based applications. CoinStudy's community is heavily concentrated in Solana users across Nigeria, Pakistan, Indonesia, Bangladesh, and other Muslim-majority markets. Many CoinStudy users have Phantom as their primary crypto wallet.
The integration of World.xyz's prediction market infrastructure directly into Phantom means that Muslim investors who open their primary wallet now encounter prediction markets as a prominently featured activity. The seamless integration specifically designed to require no new account, no KYC, and no bridging is designed to maximize casual engagement from existing Phantom users.
Muslim investors must understand that the World.xyz prediction market functionality within Phantom is Haram regardless of how seamlessly it is integrated, regardless of how prominently it is featured, and regardless of how many other Phantom users engage with it. The convenience of access does not change the compliance of the activity.
CoinStudy specifically recommends that Muslim Phantom users treat the World.xyz prediction markets section within Phantom exactly as they treat the perpetual futures section of any DEX: as a prohibited feature to consciously avoid rather than a peripheral option that is merely unattractive.
World.xyz entered a prediction market category that already had established players in 2026. Understanding the competitive context helps Muslim investors understand that CoinStudy's Haram classification applies consistently across the entire prediction market category rather than being specific to any one implementation.
Polymarket is the largest decentralized prediction market by volume. According to available research, Polymarket integrated Chainlink oracles in September 2025 to automate settlement of short-duration crypto price markets. CoinStudy has analyzed Polymarket and applies the same Gambling and Betting red-line failure to it. Polymarket is Haram. Its volume records in 2026 reflect the scale of prohibited activity occurring on the platform rather than its permissibility.
Kalshi is a regulated US prediction market that had previously powered Phantom's prediction markets through a DFlow integration before World.xyz replaced it. Kalshi's regulatory status with the CFTC as a designated contract market does not make prediction markets permissible under Islamic finance. Regulatory compliance with secular financial law and Sharia compliance are entirely separate frameworks. A prediction market can be simultaneously legal under US financial regulation and prohibited under Islamic commercial law.
Jupiter Forecast, which launched its Beta on June 29, 2026 with fifteen-minute Bitcoin price markets, is another Solana-native prediction market competitor. According to Solana Compass research, Jupiter Forecast targets short-resolution crypto price markets while World focuses on sports and real-world event outcomes. Both are Haram under CoinStudy's framework for identical reasons.
The pattern is entirely consistent: every prediction market platform regardless of its regulatory status, its blockchain implementation, its oracle infrastructure, or its user experience quality receives a Haram classification from CoinStudy because the prediction market mechanism itself is definitively Maysir.
The compliance of the $WORLD token requires specific analysis that distinguishes it from the World.xyz prediction market platform in one important way while connecting them in another.
According to Phantom research, no team, founder, or organization behind the $WORLD token has been publicly identified. The token launched anonymously through Pump.fun in June 2026 before the product announcement. No official connection between the $WORLD token and the World.xyz prediction market platform has been confirmed by the platform.
This creates a bifurcated assessment. The $WORLD token as a standalone Solana SPL token from an anonymous Pump.fun launch with no confirmed utility, no confirmed team, and no confirmed connection to any platform fails CoinStudy's Gharar assessment severely on its own. Anonymous launch, anonymous team, no whitepaper, no confirmed utility, maximum governance opacity: these are the characteristics of a token that scores at the bottom of the Gharar dimension alongside Fartcoin and Dogwifhat.
However the market understands $WORLD as a speculative position on the World.xyz prediction market platform's potential future token issuance. If and when the prediction market platform officially connects to the $WORLD token or issues its own native token, that token's value will derive from the prediction market platform's growth. A governance token for a prediction market protocol earns value from the growth of prediction market wagering activity. Every CAKE holder benefits from PancakeSwap's prediction market growth regardless of their personal gambling activity. The same principle applies to $WORLD.
Muslim investors should avoid $WORLD entirely for two independent reasons. The first is the extreme Gharar from anonymous anonymous launch with no confirmed utility or team connection to the platform. The second is the speculative positioning as a bet on the growth of a prediction market platform whose growth is driven by prohibited wagering activity.
Many Muslim investors are currently trying to get followed back by @world_xyz on Twitter because the project is airdropping tokens to accounts it follows. The permissibility question is specific, important, and requires a precise answer.
The permissibility of any airdrop depends on two entirely separate questions. The first is what activity earned it. The second is what the received token represents.
On the first question: following a Twitter account, engaging with content, and getting a follow-back is a neutral social media activity requiring no capital, no financial commitment, and no participation in any prohibited mechanism. Following @world_xyz on Twitter does not constitute gambling. It does not generate Riba. It does not involve deploying capital into a prohibited financial product.
On the second question: $WORLD is a token whose market value is driven by speculative positioning around a prediction market platform. Even setting aside the prediction market question entirely, $WORLD has extreme Gharar from its anonymous launch with no confirmed team and no confirmed platform connection. Its value depends entirely on the narrative that it will eventually be officially adopted by or connected to a prediction market protocol that is definitively Haram under CoinStudy's framework.
Islamic commercial law's principle on this question has never been ambiguous: the permissibility of the activity through which you receive something does not determine the permissibility of keeping and benefiting from what you receive. Receiving a gift of stolen goods does not make keeping them permissible. Receiving lottery winnings through a free scratch card does not make the winnings permissible. Receiving a token with extreme Gharar and Haram ecosystem association through a free social media follow-back does not make holding and profiting from that token permissible.
The practical guidance for Muslim investors who have received or will receive $WORLD through the follow-back airdrop is specific. Sell immediately without waiting for price appreciation driven by narrative around the prediction market platform. Do not hold in anticipation of value growth from a prohibited ecosystem. Donate any proceeds above the cost of the gas transaction to charity as purification rather than retaining them as personal income.
AAOIFI Standard No. 21 on financial papers requires that financial instruments represent claims on genuinely defined assets or revenue streams. $WORLD represents either a claim on nothing with confirmed utility from an anonymous Pump.fun launch, or a speculative claim on future participation in a prediction market protocol's revenue stream. The prediction market protocol's revenue derives from the 2% to 3% spread extracted from prediction wagers. Revenue derived from facilitating wagering between participants who stake capital on uncertain outcomes is categorically prohibited revenue under AAOIFI's broader Maqasid al-Shariah framework requiring that financial activity serve genuine human welfare and productive economic purposes.
AAOIFI Standard No. 5 on guarantees and its underlying principle require that financial commitments be based on genuine and definable obligations by identifiable parties. The $WORLD token has no identifiable team, no defined obligations, and no confirmed relationship to any platform. The World.xyz prediction market platform has no published whitepaper, no disclosed founding team, and no defined governance structure. Neither the token nor the platform meets AAOIFI Standard 5's accountability requirements.
AAOIFI Standard No. 1 on trading in currencies addresses the permissibility of currency exchange. The $CASH stablecoin used for World.xyz prediction settlement requires specific assessment. According to available research, $CASH is Phantom's native stablecoin. If $CASH is backed by T-Bill reserves or conventional bank deposits generating interest income for Phantom, the settlement currency itself carries the Riba exposure concern that CoinStudy identifies in USDT, USDC, and other T-Bill backed stablecoins. Even if $CASH were a permissible stablecoin, using it to settle prediction market wagers does not make the wagering permissible. The settlement currency's compliance does not transfer to the transaction it settles.
AAOIFI Governance Standard No. 1 requires transparent and accountable governance structures. Neither $WORLD's anonymous team nor the World.xyz platform's undisclosed founding structure meets this requirement. The two and a half year opacity before a forced legal disclosure is the antithesis of the transparent governance AAOIFI standards require from Islamic financial instruments and institutions.
The AAOIFI Maqasid al-Shariah framework requires that financial activity serve the five objectives of Islamic law including the preservation of wealth. A prediction market where participant wealth transfers based on chance outcomes rather than productive economic activity directly violates the wealth preservation objective. According to Islamic monetary research, the speculative use of financial instruments goes against the five goals of Islamic law particularly the protection of wealth known as Hifz al-Mal. World.xyz's prediction market mechanism creates precisely the conditions that destroy rather than protect wealth: speculative wealth transfer between participants based on binary chance outcomes with no productive economic value created.
The Financial Exposure Risk score is not calculated because two red-line failures result in automatic Haram classification and Layer 2 scoring is skipped. However the financial exposure concerns that would have informed this dimension are documented for completeness.
The prediction market mechanism creates direct Maysir-based financial exposure for participants. The 2% to 3% market maker spread embedded in World.xyz's quote structure means that participants lose a guaranteed percentage of every wager regardless of prediction accuracy, with the remaining variance distributed between correct and incorrect predictors. The automatic $CASH settlement through Chainlink oracles eliminates the human intervention that sometimes allows for dispute or error correction, making the financial loss from incorrect predictions permanent and automatic. The non-custodial SPL token position structure means positions are held in participants' own wallets as real financial assets rather than as segregated exchange credits, making the financial commitment to each prediction real from the moment of entry.
Not scored in Layer 2 due to red-line failures. The Gharar concerns for completeness: the two and a half year identity concealment created extreme information asymmetry before launch. The $WORLD token has anonymous launch, anonymous team, and no confirmed platform connection creating maximum token-level Gharar. The prediction market outcomes themselves involve genuine event uncertainty that Islamic finance assesses as excessive Gharar in a financial context because the uncertainty is not the manageable commercial uncertainty of a genuine business venture but the fundamental unpredictability of sporting events, geopolitical developments, and fifteen-minute price movements.
Not scored in Layer 2 due to red-line failures. The Maysir analysis is the central finding of this analysis and is comprehensively addressed throughout the analysis. Prediction markets are the most directly and unambiguously Maysir financial mechanism that CoinStudy has analyzed across its entire library. Unlike perpetual futures where the Maysir concern exists alongside the Riba concern from funding rates, prediction markets are pure Maysir with no other prohibited element required to classify them. The binary yes or no structure, the direct transfer of losing stakers' capital to winning stakers, and the chance-determined outcome mechanism describe Maysir with more precision than any other financial product.
Not scored in Layer 2. The underlying business activity of World.xyz is providing infrastructure for prediction market wagering. This fails the Haram Industry red line. There is no productive economic activity in the underlying business beyond facilitating the transfer of capital between prediction participants based on chance outcomes.
Utility and Real Use:
Not scored. Prediction market wagering is not a permissible utility. The approximately 20 million Phantom wallet users who now have access to World.xyz predictions through their wallet represents access to a prohibited financial mechanism at extraordinary scale, not genuine permissible utility.
Not scored. The $WORLD token's anonymous launch, unconfirmed team, and unconfirmed platform relationship prevent meaningful tokenomics fairness assessment. The Pump.fun graduation structure provides some distribution transparency but the anonymous developer's initial position and the absence of any disclosed supply distribution make complete assessment impossible.
Transparency and Governance:
Not scored. Both the $WORLD token and the World.xyz platform fail governance transparency requirements under AAOIFI standards. The anonymous token team, the undisclosed platform team, the two and a half year identity concealment, and the absence of any public documentation of governance structure represent the maximum possible governance opacity.
Overall Result: Haram, Two Red Line Violations
Layer 2 scoring skipped. Haram classification automatic.
Scholar Question 1: Are prediction markets categorically Maysir or can they be structured permissibly for genuine information aggregation purposes?
Some contemporary economists argue that prediction markets serve a genuine social information function by aggregating distributed knowledge into accurate probability estimates. Some Islamic economists have suggested this social utility might make prediction market participation permissible as a form of research contribution rather than gambling.
CoinStudy's response: The social information aggregation argument is intellectually serious but does not resolve the Islamic finance compliance question for individual participants. Classical Islamic jurisprudence evaluates the compliance of individual transactions rather than the aggregate statistical properties of many transactions combined. An individual who places a binary bet on whether Bitcoin moves up or down in fifteen minutes is not performing information aggregation. They are placing a wager on a chance outcome. The fact that millions of such bets aggregate into an accurate probability estimate is a byproduct of the wagering mechanism rather than the productive economic activity the individual participant performs. AAOIFI's requirement that financial instruments represent claims on genuine and defined productive economic activity applies to the individual transaction, not to the statistical aggregate of many transactions. Each individual prediction market transaction involves capital wagered on an uncertain outcome with wealth transferring from incorrect predictors to correct predictors. This is Maysir by classical definition regardless of the aggregate social information value.
Scholar Question 2: Does the Chainlink oracle's role in settlement make World.xyz's prediction markets permissible by introducing a trusted third-party verification mechanism similar to permissible Musawama contracts?
Some scholars might argue that Chainlink oracles providing objective, verifiable, and automated settlement data introduce a trust mechanism that transforms uncertain wagering into a more defined contractual arrangement resembling permissible commercial contracts.
CoinStudy's response: The Chainlink oracle's settlement function addresses the outcome verification question rather than the contractual structure question. Islamic commercial law's prohibition on Maysir does not rest on uncertainty about how the outcome will be verified or settled. It rests on the nature of the transaction itself: capital wagered on uncertain outcomes where one party's gain is another's loss with no productive activity between them. An oracle that accurately and automatically determines which party's prediction was correct makes the settlement more efficient and reliable. It does not change what the parties were doing when they placed their positions: wagering capital on uncertain outcomes. Musawama contracts require the exchange of genuine goods or services of known value for known consideration. World.xyz's prediction market positions are not goods or services. They are wagers on event outcomes.
Scholar Question 3: Does the non-custodial structure of World.xyz, where funds move only when a user enters a market and positions are held as SPL tokens in the user's own wallet, bring it closer to a permissible peer-to-peer contract than conventional gambling?
The argument is that non-custodial blockchain wagering eliminates the prohibited intermediary of a casino or bookmaker, making the arrangement a direct peer-to-peer contract between consenting adults which some classical scholars might assess differently from institutionalized gambling.
CoinStudy's response: The permissibility question for Maysir has never depended on whether an intermediary holds the wagered funds. Classical scholars prohibited wagering between two individuals making direct bets with each other as firmly as they prohibited institutionalized gambling. The Quran's prohibition on Maysir in Surah Al-Baqarah and Surah Al-Maidah does not distinguish between direct wagering and intermediated gambling. The Prophet's prohibition on Al-Gharar wal-Qimar addressed the economic structure of wagering, specifically the transfer of wealth based on chance outcomes rather than productive activity, not the custody arrangement during the wagering period. A non-custodial peer-to-peer prediction market is a non-custodial peer-to-peer gambling arrangement. The elimination of the casino intermediary makes the arrangement more technologically sophisticated. It does not make it more permissible.
Scholar Question 4: Is participating in World.xyz markets on events with genuine skill components, such as sports analysis or geopolitical expertise, different from pure chance gambling because expertise improves prediction accuracy?
A sophisticated Muslim investor might argue that World Cup outcome prediction by a knowledgeable football analyst, or geopolitical event prediction by a political scientist, involves genuine skill and expertise rather than pure chance, making it closer to permissible commercial expertise-based activity.
CoinStudy's response: The skill-versus-chance argument has been addressed by classical Islamic scholars in the context of gambling games that also involve skill, such as chess gambling and archery wagering. The relevant classical ruling, confirmed across all four major Sunni madhabs, is that adding a skill component to a wagering mechanism does not transform the wagering mechanism into a permissible commercial activity. The prohibition rests on the wagering structure itself: capital staked on an uncertain outcome where one party's gain is another's loss. A skilled football analyst who consistently predicts World Cup outcomes more accurately than chance is still wagering capital on uncertain event outcomes. Their gain still comes directly from less skilled predictors' losses. No productive economic activity occurs between their prediction and the event's resolution. The expertise improves the expected value of their wagers. It does not change the nature of the activity from wagering to permissible commercial expertise provision. A football analyst who charges clients for their analytical expertise and earns income from that genuine analytical service is engaging in permissible Ijarah-type service provision. A football analyst who uses their expertise to wager on football outcomes and earns income from other predictors' losses is engaging in Maysir regardless of their expertise level.
Scholar Question 5: Given that the $WORLD token has no confirmed official connection to the World.xyz prediction market platform, could $WORLD be assessed independently as a standalone Solana token without the prediction market Haram classification applying?
This is the argument that since no official connection between $WORLD and the World.xyz platform has been confirmed, Muslim investors should assess $WORLD purely as an anonymous Pump.fun token rather than as a prediction market governance token.
CoinStudy's response: This argument is technically correct on a narrow factual point but practically meaningless for compliance purposes. The market prices $WORLD entirely based on its association with and potential future official connection to the World.xyz prediction market platform. The entire reason $WORLD reached a $12 million FDV after the platform announcement is that the market believes $WORLD will be adopted as the official token of the prediction market protocol. A Muslim investor who purchases $WORLD is purchasing a token whose value depends on the growth of a prediction market protocol. The official connection being unconfirmed does not change what the investor is doing economically: positioning to benefit from the growth of a prediction market ecosystem. Even if $WORLD were assessed purely as an anonymous Pump.fun token with no prediction market connection, it would still score in the 20 to 30 out of 100 Haram range based on anonymous launch, anonymous team, no utility, no whitepaper, and no governance, placing it alongside Dogwifhat and Fartcoin in the meme token Haram category. The prediction market connection adds a second Haram concern on top of the standalone token's severe compliance problems.
Ecosystem Riba Exposure: ✅ Passed. No interest mechanism in $WORLD token design. $CASH settlement stablecoin reserve structure requires separate assessment.
Gambling and Betting: ❌ Failed. Prediction market wagering is the stated complete and total product. Users bet real money on binary event outcomes. One party's gain comes directly from another's loss. No productive economic activity occurs between position entry and resolution. Maysir by classical definition.
Haram Industry: ❌ Failed. World.xyz is a dedicated prediction market protocol. Its entire technical architecture including the Chainlink oracle integration, the SPL token position structure, the $CASH settlement system, and the Phantom wallet integration exist specifically and exclusively to facilitate prediction market wagering. This is a prohibited industry classification.
Guaranteed Interest: ✅ Passed.
Synthetic Interest Products: ✅ Passed.
Two red lines failed definitively. Layer 2 scoring skipped automatically.
Overall Result: Haram, Red Line Violations ❌
Muslim investors who followed @world_xyz for the follow-back airdrop, joined the waitlist, or received $WORLD tokens need specific and actionable guidance.
Following @world_xyz on Twitter before understanding the product's nature is a neutral social activity with no compliance consequence. No prohibited transaction occurred through the follow itself.
If you received $WORLD tokens through the follow-back airdrop mechanism, the guidance is specific. Sell the tokens as soon as practically possible without waiting for price appreciation from narrative around the prediction market platform. Do not hold in anticipation of an official token connection announcement from World.xyz. Donate the net proceeds to charity rather than retaining them as personal income, since the token's value narrative is entirely driven by a prediction market ecosystem that is Haram classified.
If you joined the World.xyz waitlist, simply do not engage with the platform when it expands access. No current financial commitment was made through waitlist registration so no unwinding is required. Simply do not use the platform's prediction market features when access becomes available.
If you have used World.xyz prediction markets through the Phantom wallet integration that was active from June 1, 2026, CoinStudy recommends closing any open positions, withdrawing all funds, and consulting a qualified Islamic scholar about the purification of any profits earned from the prediction market activity.
World.xyz ($WORLD) is classified as Haram under the CoinStudy Halal Crypto Standard.
Two Sharia red lines are violated definitively: Gambling and Betting because prediction markets are textbook Maysir where participants wager capital on uncertain event outcomes and one party's gain is another's loss with no productive economic activity, and Haram Industry because World.xyz is a dedicated prediction market protocol whose complete technical architecture exists to facilitate this wagering mechanism.
The platform's technical sophistication is genuine. Non-custodial SPL token positions, Chainlink oracle settlement, automatic $CASH payouts, and Phantom wallet integration represent genuine technical execution. These implementation qualities do not change what the mechanism is economically. A technically sophisticated wagering platform is a technically sophisticated wagering platform. The sophistication of execution is irrelevant to the permissibility of the activity being executed.
The two and a half year identity concealment that hid the prediction market product from a community that invested time, attention, and social capital following the project is a specific information asymmetry concern that Muslim investors should factor into their assessment of the project's community ethics alongside the compliance assessment.
Muslim investors should not use World.xyz's prediction markets, hold $WORLD tokens in anticipation of prediction market ecosystem growth, or engage with the World.xyz features integrated into the Phantom wallet.
Read detailed analysis and concepts here:
Is Rain Prediction Market Halal?
Understanding Gharar in Crypto
Real Risks of Haram Crypto Projects
Disclaimer: This analysis is provided for educational and research purposes only based on guidance from CoinStudy's HCS Shariah Board members. The Haram classification reflects the prediction market core product which triggers two independent red lines: Gambling and Betting and Haram Industry. This classification applies regardless of World.xyz's non-custodial design, Chainlink oracle infrastructure, or regulatory positioning in jurisdictions that permit prediction markets. CoinStudy does not issue personal fatwas or financial advice. Please consult a qualified Islamic scholar for individual guidance.
Guaranteed Interest
No guaranteed interest obligations
Synthetic Interest Products
No synthetic interest instruments
2 Red Lines Failed
This asset is automatically classified as HARAM.
Is Rain halal?
RAIN · HCS 0 · Haram
