The Gambling Commission warned operators that prediction markets operating in Great Britain may fall under gambling law and require a betting intermediary licence. It said the classification depends on business models and advised unlicensed operators to ensure they do not target or transact with British consumers.
Operators may need a Gambling Commission licence to offer prediction markets in Great Britain.
Quarter ended 30 June 2026
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Arkansas Attorney General Tim Griffin concluded in an opinion dated 23 October that prediction-market platforms would violate state gambling laws if they operated without a licence. The opinion said the platforms would not qualify as paid fantasy sports games and would therefore fall outside the state’s fantasy sports tax and exemptions.
The Court of Justice of the European Union ruled in a case involving 23 PLAY Srls that EU law does not in principle prevent a member state from requiring police authorisation to collect bets. The court said the authorisation may be conditional on the operator first obtaining a state concession, citing the fight against organised crime as the stated basis.
The Court of Justice of the European Union said EU rules do not in principle prevent Italy from requiring both a public concession and police authorisation to collect bets, according to a government report to the Senate. The court said such a system may be justified by the aim of combating organised crime in gambling and betting.
Advocate General Nicholas Emiliou said EU law does not generally prevent Germany from requiring a local licence for sports betting, in an opinion concerning a Tipico customer’s claim for losses from 2013–2020. He said a customer may be entitled to recover stakes where an operator offered betting without the required licence; Tipico argued that deficiencies in the licensing process prevented it from obtaining one.
High Roller's chief executive, Seth Young, said success in prediction markets does not depend on dominating the sector. The operator reported a revenue slide following its exit from Norway and a decline in online casino, according to the report.