Gibraltar grants two prediction markets licences

Gibraltar has taken a landmark step when it comes to embracing prediction markets and has become the first jurisdiction in the world to launch a regulatory regime solely covering the prediction markets sector.

The decision builds on the market move to license both ADI Predictstreet and Wire Markets.

As a result of the shift to embracing prediction markets in a regulated way, these two companies will now be regulated under Gibraltar’s new predictions regime.

Travis Geiger, co-founder of WagerWire, stated that the move was a “landmark moment for the prediction market industry”.

“By focusing on market integrity, innovation, and responsible oversight, Gibraltar has established a thoughtful framework that gives operators the clarity they need to build for the long term. We’re incredibly proud to have worked alongside HM Government of Gibraltar throughout this process and excited for what comes next.”

A suprvisory authority will oversee the framework, with Nigel Feetham KC MP, Gibralta..