Gibraltar backs prediction markets as gaming firms restructure amid tax pressure
Gibraltar is pursuing a regulatory framework for prediction markets as its online gaming industry faces higher costs and restructuring, according to the account of comments by Gaming Commissioner Andrew Lyman. ADI Predictstreet was the first company authorised under the scheme; the report also cites planned UK tax increases and job cuts announced by several companies.
Gibraltar’s proposed framework creates a regulated route for prediction markets as gaming firms face higher costs and restructuring.