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UK Gambling Commission says existing licence covers prediction markets

Regulation

The UK Gambling Commission said a licence category already covers prediction markets offered to customers in Britain. It also said it did not expect the product to have the same impact in the UK as in the US, according to the report.

The Commission’s position signals that UK-facing prediction markets may fall within an existing licensing framework.

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Licences & markets

IG Group applies for UK gambling licence for prediction markets

IG Group has applied for a gambling licence in the UK to offer bets on politics, sport and entertainment through a prediction platform, according to reports.

IG Group has applied for a gambling licence in the UK to offer bets on politics, sport and entertainment through a prediction platform, according to reports. The company expects to launch these markets in early 2027. The plans form part of a strategy to bring trading, investing, cryptocurrency and entertainment together on one platform.

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