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Gibraltar approves first prediction-market operator licence

Licences & markets

Gibraltar approved its first licence for a prediction-market operator, according to the report, but officials did not identify the holder. The report linked the approval speculatively to Predict Street Ltd, which appeared on a government register as an approved betting intermediary; that connection was not confirmed.

The approval establishes a licensing route for prediction-market operators in Gibraltar, although the licence holder remains unidentified.

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Licences & markets

NFA grants FanDuel FCM licence for US prediction market business

Reportedly, FanDuel secured National Futures Association membership and a futures commission merchant licence in the US. The approval could increase FanDuel’s control over its prediction market business. It does not authorise FanDuel to run its own designated exchange.

FanDuel now holds membership in the National Futures Association, together with an FCM licence. That status may let the operator exercise greater control over its US prediction market operations. It falls short, however, of permitting FanDuel to run a designated exchange of its own.

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