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UK Gambling Commission says prediction markets would likely be gambling

Regulation

The UK Gambling Commission said prediction-market platforms operating in Great Britain would probably be treated as gambling. Strategy director Brad Enwright warned that operators without a British licence must avoid targeting or transacting with consumers there.

Prediction-market operators may need a British gambling licence or risk committing an offence by serving local consumers.

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Regulation

Gambling Commission presents UK illegal gambling estimates challenged in report

The Gambling Commission presented new UK illegal-gambling estimates on 5 November 2026, based on survey data collected between April 2025 and April 2026. A report questions the Commission’s description of illegal-market participation as low and stable, citing the newness of the measure, the survey sample and other indicators, including a 12% rise in September 2026 activity against the previous three-month average.

The Gambling Commission, Great Britain's gambling regulator, presented new illegal gambling figures on 5 November. Sue Young, the Commission's executive director of operations, said in the press release that participation in the illegal market appears low and stable on these indicators. The report questions that description.

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