Nevis Online Gaming Authority Launches Prediction Market License

The Nevis Online Gaming Authority (NOGA) on November 2, 2026 announced the official launch of the Nevis Prediction Market License, a dedicated licensing category for event-based prediction market operators and technology providers that sits apart from the jurisdiction’s existing B2C and B2B online gaming licensing arrangements.

The license was introduced and the framework officially launched on October 30, 2026. The category provides for B2C prediction market operators and B2B technology and service providers, each subject to dedicated licensing requirements and conditions.

NOGA said the new license recognizes growing demand for regulatory approaches that reflect the distinct operational characteristics of prediction markets. Unlike conventional online gaming products, the authority said, prediction markets may incorporate different pricing mechanisms, liquidity models, participant interactions and event-resolution methodologies, requiring oversight tailored to their specific structures and associated risks.

The launch follows a June 26, 2026 post in which NOGA said it was open to considering prediction market and event-based forecasting models under the Nevis licensing framework, with the necessary regulatory procedures and compliance requirements in place to support applications in the sector. Nevis’s online gaming licensing framework was established under the Nevis Online Gaming Ordinance 2025, officially signed in June 2025, and the authority announced the issuance of its eighth online gaming license in May 2026, according to the authority’s news archive.

Scope of the Framework

The framework is designed to accommodate a broad range of event-based prediction markets, including markets relating to sports, financial and economic indicators, political and electoral events, entertainment, weather and climate, and cryptocurrencies and digital assets.

It recognizes binary and multi-outcome markets, pari-mutuel models and market-maker arrangements, subject to applicable regulatory approval. Eligibility and permitted activities will be assessed individually, taking into account each applicant’s proposed business model, operational structure, associated risks and applicable regulatory considerations.

Oversight and Integrity Requirements

The framework builds on NOGA’s established standards for corporate due diligence, financial transparency, AML/CFT compliance and customer protection. It addresses market integrity, the prevention of market manipulation, management of potential conflicts of interest, event-resolution transparency and safeguards for participant funds. The framework also addresses the identification of reliable data sources for determining market outcomes, transparent settlement procedures and mechanisms for resolving settlement disputes.

“As prediction markets continue to develop, regulatory approaches need to reflect the way these platforms operate and the risks associated with their activities. With this dedicated framework, our aim is to provide greater clarity for businesses entering this sector while ensuring that market integrity and participant protection remain central to the licensing process,” said Nuri Katz, CEO of NOGA.

NOGA said the new licensing category is also intended to provide greater regulatory clarity for payment service providers, technology partners and other businesses supporting licensed prediction market operations. Authorization under the Nevis framework remains subject to applicable laws and regulatory requirements in the jurisdictions where licensees offer their services.

All application requirements, dedicated application forms, detailed license conditions and supporting guidance are available on NOGA’s website as of November 2, 2026. Prospective applicants are invited to contact the authority to discuss proposed business models, eligibility and applicable licensing requirements ahead of submitting a formal application.