For the 1st time, a Gibraltar licence was granted to the operator of a prediction platform. The jurisdiction’s Minister for Justice, Trade and Industry, announced this news in Parliament in late March. According to Nigel Feetham's statement, the decision supports a strategy to diversify the local gambling and fintech services ecosystem.
Reasons Behind the Initiative
Predict Street Ltd became the 1st certified brand in the field of prognosis markets. The company positions itself as the official niche partner of this year’s FIFA World Cup.
The platform is now inviting users to register for early access. ADI Chain, an Abu Dhabi-headquartered supplier of blockchain-based solutions, provides the operator’s technological infrastructure.
The initiative comes amid an increase in the UK’s Remote Gaming Duty to 40% from April 1st, 2026. The start of the licensing process for prediction websites aims to offset potential losses from the enhanced tax burden and strengthen the territorial economy.
Gibraltar’s Decision vs Global Practice
The field of prognosis portals, which allows trading on the outcomes of real-world events, is rapidly gaining popularity. Nevertheless, the international industry has not yet developed a unified approach to regulating this format.
Several EU jurisdictions have already introduced severe restrictions on certain niche categories. The pool of banned options includes Polymarket’s offerings.
The following governments stick to this path:
- Dutch;
- French;
- German;
- Romanian;
- Portuguese.
The UKGC has taken a different approach, recognising prediction websites as part of the iGaming field. According to this decision, entrepreneurs must secure the appropriate licences in the jurisdiction to provide their services.
The MGA is exploring a similar initiative, as evidenced by Silvio Schembri's statement. The island’s Minister for the Economy, Enterprise and Strategic Projects, said authorities are considering creating separate regulations for the segment. Currently, the vertical remains at the intersection of 2 fields, and entrepreneurs have no idea whether to obtain a Malta gambling licence or a financial service permit.
According to the MP, the niche has significant global potential. He believes it offers vast opportunities for technological innovation and effective audience engagement.
The area is evolving most rapidly in the US. It is overseen by the local Commodity Futures Trading Commission (CFTC), which classifies such products as «event contracts.»
Prospects for Niche Legalisation
Amid the lack of a unified global position, most brands are not yet disclosing their long-term strategies. Nevertheless, giants such as FanDuel and DraftKings have already begun developing projects in the American prediction websites segment. The British company Matchbook has also announced plans to launch one in the near future.
The international expert community is assessing Gibraltar’s move with caution. Specialists consider the case an important precedent for the European legal framework. At the same time, the UK remains a key reference point for local operators, where traditional bookmakers already offer a wide range of bets, including wagers on non-sporting events.
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