Gibraltar licensed Predict Street Ltd as a betting intermediary, Justice, Trade and Industry Minister Nigel Feetham said in Parliament. Feetham said the application was processed after his attendance at a Hong Kong event and linked the move to investment and tax-revenue goals. The source describes it as Gibraltar’s first prediction-market operator.
The licence establishes a regulated route for a prediction-market operator in Gibraltar.
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Gibraltar Justice, Trade and Industry Minister Nigel Feetham advocated moving quickly on prediction markets and licensing in a speech ahead of a visit to Consensus Miami. The report says ADI Predictstreet has received a Gibraltar licence, with other applications under way; draft tokenisation legislation is expected to be released soon.
Gibraltar granted ADI Predictstreet a gambling licence on 1 April, Justice, Trade and Industry Minister Nigel Feetham said. The platform showed no betting activity one week after its launch, while Gambling Commissioner Andrew Lyman said the application received focused scrutiny. Predictstreet CEO Dimitrios Psarrakis and money laundering reporting officer Colin Piri were not accused of wrongdoing in the reporting about their past associations.
Gibraltar Minister Nigel Feetham approved ADI Predictstreet’s gambling licence after a due diligence review, Commissioner Andrew Lyman said. Lyman said he had recommended that the application proceed and that officials prioritised it ahead of the FIFA World Cup, while maintaining that the accelerated process involved scrutiny. The licence was first issued under the 2005 Act and later carried over under the 2025 Act, he said.
Gibraltar’s government granted Predictstreet a Betting Intermediary (B2C) licence, according to the government’s updated list of approved betting operators. The prediction market plans to launch on 9 April, ahead of the 2026 FIFA World Cup, which begins on 11 June.
Gibraltar’s government said Minister Nigel Feetham met Alberta Minister Dale Nally and regulatory officials. Discussions covered gaming licences, market access, digital assets and potential regulatory cooperation.