TLDR Gibraltar’s Minister for Justice Nigel Feetham is actively seeking to license prediction markets, with one already issued to Predictstreet in April Predictstreet became the official prediction market of the FIFA World Cup shortly after receiving its Gibraltar license A second prediction market license is expected within weeks, with more to follow Gibraltar already handles 80% of bets placed in the UK and hosts 54 gambling operators The country’s new Gambling Act of 2025 requires all existing licensees to re-apply by October under stricter rules
Gibraltar is making a direct play to become the global home of prediction markets, with the territory’s Minister for Justice Nigel Feetham leading the charge.
Feetham laid out his vision at the Consensus 2026 cryptocurrency conference in Miami, telling Gambling Insider that prediction markets represent an opportunity Gibraltar cannot afford to miss.
The British Overseas Territory issued its first prediction market license in April to Predictstreet. That company soon announced a deal as a FIFA World Cup sponsor, becoming the event’s official prediction market.
Gibraltar Already Dominates UK Gambling Infrastructure
The move into prediction markets builds on decades of gambling industry presence. Gibraltar currently handles 80% of all bets placed in the United Kingdom through servers based in the territory.
Major UK operators like bet365, William Hill, Ladbrokes, and Entain began relocating to the 6.7-square-kilometer territory back in 2001. Flutter Entertainment has since joined them.
The migration started when UK Chancellor Gordon Brown abolished the gambling tax that year. That shift moved the tax burden from bettors to companies, and Gibraltar offered lower rates.
As of late 2025, 54 operators do business from Gibraltar. That number is far smaller than Curacao, which hosts more than 600, or Malta with over 500.
But Feetham says that’s by design. He emphasized quality over quantity