Nevis NOGA opens prediction-market licence applications at €18,000 a year
Licences & markets2 min read
In brief
- NOGA has announced a prediction-markets licence, with applications possible from 30 October 2026.
- The annual licence cost is €18,000.
- Existing B2C and B2B licensees must submit a separate application to offer prediction markets.
- Forms and full conditions are due on NOGA's website from 2 November 2026.
The Nevis Online Gaming Authority (NOGA) has announced a new licence reserved exclusively for prediction markets. Applications can be submitted from 30 October 2026. The annual cost of the licence is set at €18,000.
The category is separate from the B2C and B2B licences the Nevis authority has already issued. NOGA said the regime has its own application form. NOGA said operators that already hold a B2C or B2B licence must submit a separate application if they want to extend their activity to prediction markets. Existing authorisations will therefore not be enough to offer these products under the new regime.
The licence conditions set rules for defining the events covered by contracts, for determining outcomes and for handling disputes. Each market must rely on reliable sources to verify the outcome of events. Operators must adopt monitoring systems able to detect trading based on non-public information. Licensed platforms must safeguard user balances and contract positions that remain open. Anti-money-laundering and customer-identification requirements remain mandatory.
The licence will allow authorised operators to run platforms where users trade contracts on future events, including sporting contests, political elections, economic indicators and cultural events. On prediction markets, users trade contracts with one another.
NOGA chief executive Nuri Katz said prediction-market operators have so far had to adapt to licensing systems designed for other activities. The availability of the licence does not remove the need for platforms to comply with the rules of each national market in which they offer services.
NOGA said the application forms and full licence conditions will be available on its website from 2 November 2026. Interested operators can also ask for a preliminary discussion with the authority's licensing department.
In the United States, these platforms can operate under derivatives rules supervised by the Commodity Futures Trading Commission (CFTC). In Great Britain, the UKGC treats prediction markets as betting intermediation. Gibraltar introduced its own regulatory framework for prediction markets in July 2026.