Predict Street Limited has been placed on the official registry of licensed entities acting as Intermediaries in Gibraltar which marks Gibraltar entering into the Prediction Market Sector within the international marketplace.
In October 2020, Predict Street Limited indicated itself to eventually be known as an “Official Prediction Market Partner of the FIFA World Cup 2026” alongside its user registrations for pre-release access to its trading platform.
This announcement was made by Senator Nigel Feetham during the Gibraltar Parliament’s debate regarding Predict Street limited being the first licensed prediction market in Gibraltar and linked to Gibraltar’s overall goal of attracting business and increasing its gambling and financial technology industry, including adding more than two hundred jobs over five years.
Nigel Feetham said:
We have licensed a new company operating in the “prediction markets” sector, processing the application in record time following my attendance at Consensus Hong Kong last month. This is the pace at which we must act to help offset at least some of the loss of tax revenues following the recent increase in UK Gambling Duty, while continuing to grow our local ecosystem. We are working relentlessly to protect Gibraltar’s economic interests.
Additionally, the decision represents Gibraltar’s difference from several European countries where Prediction Markets are not yet allowed or where regulators have either placed restrictions or designated Prediction Market operators to be included under the twenty-eight gambling laws that European Union member states and EU countries have implemented to regulate gambling within the EU.
For example, in the Netherlands, Romania, Ukraine, France, and Portugal; these countries have placed restrictions on Prediction Market operators and have taken legal action against operators like “Polymarket.”
