Nevis creates separate licensing framework for prediction markets

The Nevis Online Gaming Authority (NOGA) has introduced a separate license category for prediction markets. The new regulation covers both consumer-facing operators and B2B companies that provide technology and other services. The license is kept separate from the authority's existing B2C and B2B online gaming licenses.

The Nevis Prediction Market License came into effect on 30 October 2026. Application forms, license conditions and guidance texts became available from 2 November.

The regulator stated that prediction markets use different pricing systems, liquidity models and event settlement methods. For this reason, it said they require dedicated oversight. Applications will be assessed individually according to each business model, operating structure and related risks. The license may apply to markets covering sports, financial and economic indicators, political and election events, entertainment, weather and climate, and cryptocurrencies and digital assets. Binary and multi-outcome markets, as well as pari-mutuel models and market-making arrangements, are also recognized, subject to approval.

The new regime is built on NOGA's existing standards for corporate due diligence, financial transparency and AML/CFT compliance. In addition, conditions specific to prediction markets are being introduced, such as protection against market manipulation, conflicts of interest and the safeguarding of participant funds. Operators are required to clearly define how they determine outcomes and close markets, to use reliable data sources for event settlement, and to establish a mechanism for settlement disputes.

Applicants may consult NOGA before submitting a file to learn about their eligibility status and the conditions that may apply to their activities. The regulator stated that market integrity and participant protection will remain at the center of the licensing process.