South African bookmakers' association urges ban on prediction markets
Regulation · SectorWire deskSource published
Summary
The South African Bookmakers Association has urged regulators to prohibit unauthorised prediction markets. The association cited betting integrity, anti-money-laundering and tax-revenue concerns, and said prediction platforms should meet the same standards as betting exchanges. Until a specific framework exists, it said they should be treated as part of the illegal market.
Why it matters
A bookmaker body seeking a ban signals regulatory pressure that could reshape how prediction-market products are treated in South Africa.
Cite as: SectorWire, “South African bookmakers' association urges ban on prediction markets”, 28 July 2026, https://sectorwire.news/item/south-african-bookmakers-association-urges-ban-on-prediction-markets/