Gibraltar has released its first regulatory framework for licensed prediction markets. The new rules establish a distinct category for these platforms, separating them from traditional gambling operations.
Regulatory Framework and Market Classification
The legislation creates a separate classification for prediction exchanges operating outside the existing Gambling Act. Platforms must complete formal regulatory approval instead of using self-certification. This adjustment aligns local procedures with European compliance requirements.The update establishes Gibraltar as a reference model for the licensed prediction market sector in Europe. The framework outlines specific operational boundaries that other regions may apply to comparable financial products.
Details regarding the regulatory release were provided by Gambling Insider.