The Nevis Online Gaming Authority (NOGA) has announced the introduction of the Nevis Prediction Market License as part of its regulatory services.
NOGA oversees the territory’s gambling sector, prohibiting local residents from participating in iGaming while allowing operators to obtain business-to-consumer (B2C) and business-to-business (B2B) licences for international operations.
The new licence covers binary and multi-outcome contracts on events involving sports, financial and economic indicators, politics and elections, entertainment, weather and climate, cryptocurrency movements, and digital assets.
NOGA said the framework will apply its existing standards for corporate due diligence, customer protection, and anti-money laundering (AML) compliance to prediction markets. These measures are intended to protect market integrity and prevent manipulation.
“As prediction markets continue to develop, regulatory approaches need to reflect the way these platforms operate and the risks associated with their activities,” Nuri Katz, Chief Executive Officer of NOGA, said. “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.”
The launch adds Nevis to a growing list of jurisdictions establishing dedicated regulatory frameworks for prediction markets. Gibraltar introduced its own framework earlier in 2026, becoming the first jurisdiction to do so.
NOGA considers prediction markets distinct from traditional online gambling products, a position that has become a point of contention among regulators in several jurisdictions.
In the US, prediction markets operated by companies such as Kalshi and Polymarket fall under the federal oversight of the Commodity Futures Trading Commission (CFTC), distinguishing them from state-regulated gambling products.
However, this classification has faced challenges from several states, including New York, Arizona, and Utah. Utah recently filed criminal charges against Kalshi, alleging violations of the state’s gambling laws.
Regulatory approaches also differ across Europe. While Gibraltar has established a dedicated licensing framework, 11 European Union member states have taken steps to restrict prediction market operations.
Smaller jurisdictions such as Nevis and self-governing communities like Canada’s Tobique First Nation are emerging as alternative licensing destinations for prediction market operators, facing less domestic political opposition.