Nevis Online Gaming Authority Launches Dedicated Prediction Market Licensing Regime for Operators and Suppliers

Nevis has introduced a dedicated regulatory framework for prediction markets through the Nevis Online Gaming Authority. The new regime targets both operators and B2B technology and service providers, distinguishing the products from traditional gambling licences already issued by the authority. It arrives as jurisdictions worldwide continue to debate the proper classification of these markets.

The framework covers binary and multi-outcome contracts linked to sports, politics, elections, financial and economic indicators, entertainment, weather events, climate-related developments, cryptocurrencies and other digital assets. NOGA will apply its existing standards on corporate due diligence, anti-money laundering controls and customer protection. These measures aim to safeguard market integrity and limit manipulation risks.

Nuri Katz, Chief Executive Officer of NOGA, stated: “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 Scope and Local Restrictions

The Nevis Prediction Market License will sit alongside NOGA's existing B2B and B2C gaming licences. Local residents remain barred from participating in online gambling under current rules. The regime follows Gibraltar's specialist framework launched earlier this year and is designed to regulate prediction platforms separately from conventional gambling products.

Regulatory Classification Debates Worldwide

In the United States, the Commodity Futures Trading Commission oversees prediction markets as financial instruments, supporting platforms such as Kalshi and Polymarket. Several states including New York, Arizona and Utah treat them as gambling and have taken enforcement action. In Europe, only Gibraltar has welcomed the sector while other EU regulators have issued banning orders. As reported by Focus Gaming News, the Nevis move forms part of broader international efforts to craft tailored oversight for this hybrid sector.