PAGCOR has no current licence category for Philippine prediction markets, lawyer says
A research paper by Arden Consulting lawyer Marie Antonette Quiogue argues that real-money prediction markets would count as gambling under Philippine law and require PAGCOR authorisation. Quiogue said the regulator has no current licence category for them, leaving no established route for operators to obtain approval.
Operators considering Philippine event-contract products face uncertainty over licensing and the risk of operating without authorisation.