(AsiaGameHub) –   Predict Street Limited has been added to Gibraltar’s official registry of licensed Intermediaries, marking the jurisdiction’s formal entry into the global prediction market sector.

In October 2020, Predict Street Limited expressed its ambition to be recognized as an “Official Prediction Market Partner of the FIFA World Cup 2026” alongside launching pre-release registrations for its trading platform.

The announcement was delivered by Senator Nigel Feetham during a parliamentary debate, highlighting Predict Street Limited as the first licensed entity of its kind in Gibraltar. This development is part of a strategic effort to draw in new business and expand the local fintech and gambling industries, with a goal of creating more than 200 jobs over the next five years.

Nigel Feetham stated:

We have granted a license to a new operator in the prediction markets field, fast-tracking the application following my participation in Consensus Hong Kong last month. This level of agility is necessary to help recover tax revenue lost to the recent UK Gambling Duty increase while strengthening our local economic landscape. We are working tirelessly to secure Gibraltar’s financial future.

This move also distinguishes Gibraltar from several European nations where prediction markets are either prohibited or heavily restricted under the various gambling frameworks adopted by EU member states and other European countries.

For instance, nations including the Netherlands, Romania, Ukraine, France, and Portugal have restricted prediction market activities and pursued legal measures against platforms such as “Polymarket.”