Nevis Online Gaming Authority Launches Tailored Licensing Framework for Prediction Markets
NOGA launched its dedicated prediction market license on October 30, 2026, separate from standard gaming rules. The framework spans sports, politics, crypto and other events plus varied trading models, with focused rules on integrity and settlement. It positions Nevis alongside Gibraltar against more restrictive US and European approaches.
SCCG Take — Nevis supplies operators and providers a precise regulatory path that matches prediction market mechanics, contrasting blanket restrictions elsewhere and highlighting the advantage of tailored oversight.
The Nevis Online Gaming Authority (NOGA) has introduced a separate licensing category for prediction markets. This covers both consumer-facing operators and technology providers and sits apart from NOGA’s existing B2C and B2B online gaming licences. The regulator noted that prediction markets rely on distinct pricing systems, liquidity models and event-resolution methods that require dedicated oversight.
The Nevis Prediction Market License launched on October 30, 2026, with application forms, licence conditions and guidance available from November 2. Applications are assessed individually on business model, operating structure and associated risks. Prospective applicants may approach NOGA in advance to discuss eligibility.
Nuri Katz, NOGA CEO, said: “As prediction markets continue to develop, regulatory approaches need to reflect the way these platforms operate and the risks associated with their activities. With this dedicated framework, our aim is to provide greater clarity for businesses entering this sector while ensuring that market integrity and participant protection remain central to the licensing process.”
Framework Covers Multiple Event Types
The licence applies to markets based on sports, financial and economic indicators, political and electoral events, entertainment, weather and climate, cryptocurrencies and digital assets. NOGA recognises binary and multi-outcome markets, pari-mutuel models and market-maker arrangements, subject to approval. The framework serves both B2C operators and B2B technology or service providers.
Rules Address Market Integrity and Settlement
The regime builds on NOGA’s standards for corporate due diligence, financial transparency and AML/CFT compliance. Additional rules target market manipulation, conflicts of interest, participant fund protection, clear outcome determination, reliable data sources and settlement dispute mechanisms. A Nevis licence does not override requirements in other jurisdictions.
NOGA intends the framework to give payment providers clearer guidance when supporting licensed entities. Nevis joins Gibraltar, which introduced its own prediction market framework earlier in 2026. The United States applies federal Commodity Futures Trading Commission oversight while states including New York, Arizona and Utah pursue actions against operators, with Utah filing criminal charges against Kalshi. Several European jurisdictions have restricted prediction market products. Nevis has elected instead to establish a formal, tailored licensing route.
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