The Government of Gibraltar has taken a major step by confirming that it has licensed its first prediction markets operator.

Although the exact identity of the company has not yet been announced by the government, a Gibraltar firm called Predict Street Ltd appears listed as a betting intermediary on the official list of approved licensed operators. 

The platform claims to be the “Official Prediction Market Partner of the FIFA World Cup 2026” and prompts users to sign up for early access by inputting details of their name, email address, and country of residence.

Gibraltar’s debut in the growing predictions space was confirmed by Minister for Justice, Trade and Industry, Nigel Feetham, and signals the country’s aim to diversify its gambling and financial services ecosystem.

It will certainly raise eyebrows as Gibraltar becomes one of the few jurisdictions in Europe to allow prediction markets to operate. This is in stark contrast to other European jurisdictions like the Netherlands, Romania, Ukraine, France, and Portugal.

Certain businesses in the predictions space have been banned in various parts of the world due to the controversy around whether the platforms are a form of gambling or not. The five nations mentioned above, for example, have all kicked Polymarket out of their jurisdictions.

Announcing the development in Parliament, Feetham said the move reflects a broader strategy to attract new forms of investment and position Gibraltar at the forefront of emerging markets within gaming and fintech. 

“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,” he said.

“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.” 

 

 

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