Logico vice-president urges clear rules for prediction markets in Italy
Regulation2 min read
Logico vice-president Francesca Broggi said prediction markets should face clear regulation in Italy, speaking at a panel during SiGMA World 2026 in Rome. She warned that allowing them into the regulated online gambling market without appropriate rules could undermine licensed operators; other panellists argued for a tailored framework and possible integration with licensed operators.
.png){kind=link}
Francesca Broggi, vice-president of Logico, said that admitting prediction markets without appropriate regulation would be destructive for regulated online gambling in Italy. She spoke at a panel on prediction markets at Sigma World 2026, which was under way in Rome. Logico is an association representing several Italian and foreign online operators. Broggi said licensed operators had paid €7m to obtain their licences. She said there would be a risk of repeating what happens with illegal online gambling sites, which erode the authorised market share.
Broggi said prediction markets are neither gambling nor a financial market, and are exposed to insider trading risks. She added that they can attract a type of market that is often close to, or coincides with, the illegal one. Broggi said the underlying model could be the future of the sector, but not before it is clearly regulated. She also said it would not be fair to grant preferential regulatory channels from which licensed gambling operators cannot benefit.
Fiorentina D'Amore, chief executive of Blockchain.com, took a different view at the panel. D'Amore said crypto-assets had also been hard to classify as a product to regulate. She argued for creating a new legal framework suited to something new, rather than fitting an existing one to it. D'Amore said the product could fall under more than one regulatory authority. She regards prediction markets as the latest-generation gaming product. D'Amore concluded that prediction markets are popular with young people because they give immediate gratification.
Alessandro Brigato, general manager of Blockchain Italia, also spoke on the subject. Brigato said the volumes seen should be an opportunity for those in the sector. He said the opportunity would be greater for licensed operators, which can integrate prediction market tools. Brigato said prediction markets themselves should obtain a licence. He said he believes ad hoc regulation is the future and that prediction markets and betting are different markets. Brigato said he agreed there should be no unfair competition and that parties need to cooperate, but that the same rules cannot be used for everyone.