Gibraltar trade minister Nigel Feetham described UK gambling tax increases as bad news for the territory, according to the report. He said finding an alternative plan would be difficult; the source notes that igaming employs more than 3,400 people in Gibraltar.
The tax changes may affect a Gibraltar sector employing more than 3,400 people.
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Gibraltar brought the Prediction Market Regulations 2026 into force as part of the Gambling Act 2025, establishing rules for prediction market operators and contracts. The regulations allow the gambling regulator to restrict contract categories and require licensed operators to address market manipulation, conflicts of interest, disclosure and anti-money laundering controls. The government said the first licence under the regime is expected shortly.
Gibraltar’s Ministry for Justice, Trade and Industry published a framework establishing prediction markets as a separate category with authorisation and compliance requirements. Minister Nigel Feetham said an independent panel would oversee implementation under the Gambling Act 2025; he also said Gibraltar would shortly license its first operator and had granted a second operator approval in principle.
Gibraltar is developing a separate regulatory framework for prediction markets, with oversight assigned to a dedicated authority, according to the report. ADI Predictstreet holds a licence under an existing betting intermediary framework, while Wire Markets has approval in principle; both are expected to move to the new licence after legislation is introduced.
Gibraltar has outlined a separate regulatory framework for prediction markets. Minister Nigel Feetham said it includes safeguards concerning market manipulation and money laundering.
Gibraltar’s minister responsible for gambling and taxation, Nigel Feetham, said the government plans to pursue prediction markets, stablecoins and online gaming as part of its economic strategy. He said a UK gambling tax increase could reduce Gibraltar’s public revenue from corporation tax by about £40 million, while the territory assesses new technology businesses cautiously.