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Gibraltar minister approved Predictstreet licence after due diligence

Licences & markets

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.

The account sets out who approved the licence and the regulator’s explanation of the expedited review.

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Regulation

Gibraltar reviews ADI Predictstreet after $108m linked-wallet trades

Blockchain analysis reported by The Wall Street Journal found that about $108m of the $167m traded on FIFA prediction market partner ADI Predictstreet through late September came from wallets apparently tied to the company. Gibraltar's gambling commissioner, Andrew Lyman, said a preliminary review found no breach of self-trading rules and no consumer harm. The findings do not prove deliberate manipulation, the report said.

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