Gibraltar has announced plans to establish a separate regulatory regime for prediction market operators. The territory will implement the new framework, positioning itself as the first jurisdiction worldwide to create separate oversight for this sector.
The regulatory update covers platforms that facilitate forecasting and outcome-based trading. Operators will need to comply with defined licensing requirements tailored to prediction market mechanics rather than traditional gaming or financial instruments.
Regulatory Scope and Implementation
The new rules separate prediction market activities from existing gambling and financial trading categories. This distinction allows regulators to apply direct oversight while maintaining alignment with overall economic policies. The legislation will take effect following final approval, with operators given a transition period to adjust compliance procedures.
Information sourced from igamingtoday.com.