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World Lottery Association urges regulators to treat event contracts as betting

Regulation

The World Lottery Association called on gambling and financial regulators to address prediction-market products tied to sports, lottery and other event outcomes. It said monthly transaction volumes rose from below $100 million in early 2024 to $26 billion in January 2026, and urged regulators to apply betting safeguards where returns depend on event outcomes.

The association’s proposal could affect how regulators classify prediction-market products and the safeguards operators must apply.

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Regulation

WLA calls for shared rules on illegal betting and prediction markets

The World Lottery Association called for closer international cooperation and common safeguards against illegal gambling and unauthorised prediction markets at a seminar in Lausanne held from 24 to 26 June 2026. The WLA said prediction platforms based on sports or lottery outcomes require local licences, while European Lotteries backed national regulation and cross-border enforcement cooperation.

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