Gibraltar becomes first jurisdiction to adopt dedicated prediction markets framework

Gibraltar has become the first jurisdiction to adopt a dedicated prediction markets framework, according to European Gaming. The report says the territory has formally put in place a specific regulatory regime for prediction markets, marking a regulatory first for Gibraltar. European Gaming frames the change as a formal adoption of rules tailored to prediction markets in the jurisdiction.

A first operator will be licensed under the new regime shortly, with Wire Markets, the Gibraltar arm of …, identified in reporting. European Gaming says that initial licence is expected to be granted shortly and names Wire Markets in coverage of the rollout. The announcement puts Gibraltar ahead of other jurisdictions in establishing a dedicated licence route for prediction-market operators.