Nevis Online Gaming Authority Unveils Dedicated Prediction Market Licence

The Nevis Online Gaming Authority launched the Nevis Prediction Market License on 30 October 2026, creating a dedicated regulatory category for event-based prediction markets. The framework separates business-to-consumer operators from business-to-business technology and service providers and sets bespoke licensing conditions and compliance assessments for each track.

Scope and market categories

NOGA designed the framework to cover a broad set of forecasting sectors, explicitly including sports, economic and financial indicators, political and electoral events, entertainment, climate and weather, and cryptocurrencies and digital assets. The regulations recognise multiple trading structures: binary markets, multi-outcome markets, pari-mutuel models, and market-maker arrangements, each subject to formal regulatory approval. Eligibility and permitted activities will be evaluated on an individual basis according to an applicant’s risk profile and operational design.

Separate B2C and B2B licensing tracks

Under the new regime, B2C prediction market operators and B2B technology and service providers face different licensing conditions and compliance evaluations tailored to their business models and risks. The framework creates clear operational boundaries between NOGA’s existing B2C and B2B online gaming arrangements and the new prediction market categories.

Integrity, AML/CFT and participant protections

The rules build on NOGA’s existing benchmarks for corporate due diligence, financial transparency and anti-money laundering/combating the financing of terrorism (AML/CFT) compliance. In addition, the framework introduces specific mandates to prevent market manipulation, manage conflicts of interest, and ensure transparent event resolution. Operators must identify reliable data sources for determining market outcomes, enforce transparent settlement procedures and maintain formal dispute resolution mechanisms. The regulations also require rigorous safeguards for participant funds.

"As prediction markets continue to develop, regulatory approaches need to reflect the way these platforms operate and the risks associated with their activities," said Nuri Katz, CEO of the Nevis Online Gaming Authority. "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."

Application process and cross‑jurisdictional compliance

NOGA published application requirements, dedicated forms, detailed licence conditions and supporting guidelines on its official website on 2 November 2026. Prospective applicants are encouraged to engage with NOGA prior to formal submission to discuss business models and compliance readiness. The framework also clarifies that authorisation under the Nevis regime remains contingent upon compliance with applicable local laws in any external jurisdictions where licensees deliver their services.

Industry implications

The licensing tier is intended to provide regulatory clarity not only for operators but also for payment service providers, technology vendors and auxiliary businesses that support licensed prediction market platforms. Payment service providers and technology vendors should expect their roles and risk profiles to be reviewed as part of individual licence assessments.

Nuri Katz and the Nevis Online Gaming Authority framed the new licence as a response to the sector’s distinct pricing mechanisms, liquidity models and event‑resolution methodologies, which the authority says differ materially from conventional online gaming products.