Predict Street likely to be named as the first-ever prediction market licence holder in Gibraltar
Summary
Gibraltar appears to have issued its first-ever prediction market licence and the government list of approved operators has been updated to include Predict Street. Justice Minister Nigel Feetham confirmed that a licence has been granted under existing legislation, even though the new Act has not yet been brought into force.
Predict Street is a crypto-based prediction platform supported by Abu Dhabi blockchain project ADI Chain and claims to be the official prediction market partner for the FIFA World Cup 2026. Feetham said the move reflects Gibraltar’s push to diversify and to act swiftly to protect its economic interests after promoting the jurisdiction internationally.
Key Points
- Gibraltar has issued what it calls the jurisdiction’s first prediction market licence.
- The government list of approved operators now lists Predict Street, though there has been no formal public announcement naming the operator.
- Predict Street is a crypto prediction platform backed by ADI Chain and tied to FIFA World Cup 2026 activities.
- The licence was issued under existing legislation because the new Act is not yet in force.
- Justice Minister Nigel Feetham highlighted fast regulatory action and international promotion of Gibraltar’s offering as drivers for the decision.
- The government sees prediction markets as a potential area of substantial growth and part of its economic diversification strategy.
Content summary
Indications are that Predict Street will be named as Gibraltar’s first licensed prediction market operator, following an update to the government’s approved operators list. The licence was granted rapidly under older legislation while the new Act awaits commencement. Predict Street is supported by ADI Chain and positions itself as a partner for the FIFA World Cup 2026. The Justice Minister framed the licence as part of Gibraltar’s wider strategy to diversify and attract new business after raising its regulatory offering at international conferences.
Context and relevance
This is a regulatory milestone: a first-of-its-kind licence sets a precedent for prediction markets operating under a formal regime. For operators, crypto projects and investors, Gibraltar’s move signals a competitive push by small jurisdictions to attract emerging market activity through rapid licensing and bespoke regulatory frameworks. It also comes amid mixed international responses to prediction markets — some jurisdictions tightening rules while others court operators — so Gibraltar’s approach could influence where firms choose to base themselves.
Why should I read this?
Because this is likely the first proper licence for prediction markets from a recognised offshore regulator — and that matters. If you work in gaming, crypto, regulation or run an operator, this could change where firms go to get licensed. We’ve skimmed the detail and flagged the bits that matter so you don’t have to.
Author style
Punchy: this isn’t just another press release — it’s potentially the opening move in a wider regulatory race for prediction markets. Read the detail if you want to understand how Gibraltar is positioning itself and what that could mean for operators and investors.