Gibraltar Licenses First Prediction Markets Operator Amid Controversy
(AsiaGameHub) - Welcome to the latest edition of our Focus Gaming News Weekend Conversation Corner, where we examine the top headlines that have drawn global attention over the past week. As we distill the busy stream of events into a concise summary, we’ll dive into key stories that have shaped narratives, influenced policies, and sparked discussions. Join us as we cut through the noise to deliver a compact roundup of the week’s significant developments, ensuring you stay informed on what truly matters in today’s ever-changing world. Keep informed, stay motivated, and keep gaming. Wishing you a wonderful weekend ahead! Gibraltar grants license to first prediction markets operator in potentially divisive move Gibraltar’s government has issued a license to a prediction markets operator, making it one of the few European jurisdictions to regulate this format. The operator, Predict Street Ltd., is now listed on Gibraltar’s register of licensed betting intermediaries and is promoting itself as the “Official Prediction Market Partner of the 2026 FIFA World Cup.” This decision comes as other European countries like Germany and France have banned certain prediction platforms. While Gibraltar’s move may spark controversy, it aligns with the nation’s efforts to diversify its gambling and financial services ecosystem. The future of prediction markets in Gibraltar remains uncertain, with potential interest from major players such as Kalshi and Polymarket. The UK, a key market for Gibraltar-licensed operators, could pose challenges for prediction platforms due to existing non-sports betting options. Alberta set to launch regulated igaming market on July 13 Alberta will roll out regulated online sports betting and igaming on July 13, becoming the second Canadian province to do so after Ontario. Service Alberta Minister Dale Nally confirmed the launch date in a letter to industry stakeholders, expressing confidence in building a competitive and socially responsible market. Operators and service providers in Alberta were required to register for regulatory oversight by July 13, following amendments to the Gaming, Liquor, and Cannabis Regulation. The Canadian Gaming Association praised Alberta’s commitment to player protection. In Ontario, the first year of regulated igaming saw CAD$35.6 billion in wagers and $1.4 billion in gaming revenue, with continued growth in February 2026. Blask report: 83% of US igaming operators are unlicensed Blask’s analysis of the North American online gambling market reveals that offshore operators still dominate the industry in both the US and Canada, despite the presence of regulated brands. In the US, 83 percent of operators serving players are unlicensed, with $54.6 billion flowing to offshore platforms compared to $25.2 billion captured by licensed operators. Offshore brands like Bovada lead the market, while states with full sports and casino regulation—such as New Jersey and Michigan—perform better at channeling gambling activity domestically. In Canada, the online gambling market reached $9.5 billion in 2025, with offshore brands like Stake and Roobet leading the way. Ontario captures 85 percent of the regulated market, but the average monopoly province holds 76 percent of the offshore market. Alberta’s upcoming competitive market launch in 2026 could shift the balance between regulated and offshore operators in Canada. Swedish gambling regulator suggests steps operators can take to curb unlicensed gaming Sweden’s gambling regulator, Spelinspektionen, has proposed practical measures for online gambling companies to block Swedish players in response to proposed amendments to the Swedish Gambling Act. Investigator Marcus Isgren suggested removing the “directional criterion” to address enforcement challenges. The new report recommends measures like geo-blocking, stop messages, and blocking bank transfers to prevent Swedish participation. Contract terms should exclude Swedish residents, and marketing channels targeting Swedish players should be avoided. The regulator emphasizes consistent application of these measures for both new and existing accounts. The goal is to give the government a clear understanding of how to reduce unlicensed gambling in Sweden. Italy’s land-based gaming reform draft set to be finalized soon The Conferenza Unificata is putting the finishing touches on an overhaul of Italy’s land-based gaming regulations, with the Council of Ministers set to release the draft decree on April 10. The reforms aim to create a unified regulatory framework, including stricter rules on operating hours and distance requirements. The new concession model will mandate minimum bids for gaming machine operations and licensing for betting shops and bingo halls. Certification, oversight, and anti-money laundering controls will be strengthened. Negotiations over tax revenue distribution have delayed the reforms, but agreements have been reached. The hope is to finalize the reforms by August 29. Concerns over declining tax revenue and the growth of the unlicensed market have driven the need for these changes. Additionally, Agcom is working to establish guidelines for responsible gambling messages. This article is provided by a third-party. 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