Gibraltar's Prediction-Market Register Lists Two Authorised Operators

Gibraltar's Prediction Market Regulations 2026 created an authorisation separate from a gambling licence. Its register lists Predict Street Limited and Wire Alternative Markets Limited. Applying costs 30,000 pounds and holding the authorisation 100,000 pounds a year.

By Vultax Research Team4 min readMethodology

AI-assisted drafting, research and editing. Published by OmniOS OÜ. How we use AI

The limestone ridge of the Rock of Gibraltar seen from its upper slopes, with the sea below
The Rock of Gibraltar. Photo: Acediscovery / Wikimedia Commons, CC BY 4.0, cropped.

Authorised prediction-market operators in Gibraltar

02

Predict Street Limited, PMA01, and Wire Alternative Markets Limited, PMA02, on the register read 21 October 2026

Annual fee
£100,000
30,000 pounds to apply, under the Fees and Duties Regulations in operation from 13 August 2026
Duty on commission
0.15%
The general prediction market duty, charged on the commission an operator takes
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The register

Gibraltar's Gambling Division publishes a register of authorised prediction-market operators, kept under regulation 10 of the Prediction Market Regulations 2026. On 21 October 2026 it listed two: Predict Street Limited, with authorisation PMA01, and Wire Alternative Markets Limited, with PMA02.

Predict Street was licensed in March 2026 as a betting intermediary under the older Gambling Act, iGaming Business reported, before the prediction-market regulations existed. The register gives no dates for either authorisation.

What the regulations do

The Prediction Market Regulations 2026, LN.2026/176, came into operation on 13 July 2026. A person who holds a prediction-market authorisation and is entered on the register is exempt from the general prohibition in section 26 of the Gambling Act 2025, for as long as it complies with the regulations. Entry on the register is a condition of that exemption.

That makes Gibraltar the one European jurisdiction in Vultax's record with an authorisation written for prediction markets. Malta's regulator says some products may fit existing betting licences; Ireland requires a betting intermediary licence; most other countries in the Europe tracker treat the platforms as unlicensed gambling.

An authorised operator must also keep a substantive presence in Gibraltar, as the authority considers necessary for effective supervision, and may not outsource a material function unless the authority is satisfied that supervision and market integrity will not suffer.

What it costs

The Prediction Market (Fees and Duties) Regulations 2026, LN.2026/316, in operation from 13 August 2026, set the charges.

Regulation 3 of the Prediction Market (Fees and Duties) Regulations 2026, read 21 October 2026.
ChargeAmount
Application fee for a prediction market authorisation30,000 pounds
Annual fee for a prediction market authorisation100,000 pounds
General prediction market duty0.15% of commission charged

Stablecoins are allowed in so many words

Regulation 22 deals with crypto payments directly: "Nothing in these Regulations is to be taken to prevent the use by an authorised operator of digital asset payments, including stablecoins", for funding accounts, collateral, settlement and withdrawals.

It adds that using a digital asset payment does not by itself change the legal character of a prediction-market contract, or make the operator or a participant carry on any regulated activity other than prediction-market activity.

What the register does not show

The register does not say which markets the two operators run, where their customers are, or whether either serves people in the United Kingdom or the European Union, where Gibraltar authorisation is not a licence. Neither operator is Polymarket or Kalshi.

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Questions this page answers

Does Gibraltar license prediction markets?
Yes. The Prediction Market Regulations 2026, in operation since 13 July 2026, created a prediction-market authorisation separate from a gambling licence. The register listed two authorised operators on 21 October 2026.
Which prediction markets are authorised in Gibraltar?
Predict Street Limited, PMA01, and Wire Alternative Markets Limited, PMA02, on the Gambling Division's register read on 21 October 2026.
How much does a Gibraltar prediction market authorisation cost?
30,000 pounds to apply and 100,000 pounds a year, plus a general prediction market duty of 0.15% of commission charged.
Can Gibraltar prediction markets use stablecoins?
Regulation 22 says nothing in the regulations prevents an authorised operator from using digital asset payments, including stablecoins, for funding, collateral, settlement and withdrawals.

Sources and evidence

Based on the Gambling Division's register and Gibraltar's published regulations, read on 21 October 2026. Not legal advice.

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