News

WagerWire to launch prediction market operations in Gibraltar following approval in principle

ADI PredictStreet received the first prediction market license to be granted in Gibraltar, also serving as the official prediction market partner of the 2026 FIFA World Cup tournament.

· 2 min read
Share this article
Follow us on Google
AI Summary
Sign in to listen
gibraltar
Key Points
WagerWire stated the approval in principle positions the organization to support future expansion into additional jurisdictions
The Wire Markets developer also intends to establish Gibraltar as its ‘international base’ for prediction market operations

WagerWire has received approval in principle to launch its Wire Markets platform in Gibraltar, supporting the organization’s planned rollout strategy which will see its prediction market operations go live prior to the start of the 2026-2027 NFL season. 

“This is a transformational opportunity for WagerWire to fully realize our mission. For years, we've built products that challenge the status quo by introducing greater flexibility, liquidity and control into traditional sportsbetting, and Wire Markets represents a natural extension of that vision,” WagerWire CEO Zach Doctor said. 

“We feel a strong alignment with Gibraltar's vision and its longstanding reputation as the gold standard in international gaming regulation. The jurisdiction's commitment to thoughtful innovation creates a powerful foundation for growth, and we're excited about the opportunity to build from Gibraltar as we pursue a global vision for the future of prediction markets.”

ADI PredictStreet received the first prediction market license to be granted in Gibraltar, also serving as the official prediction market partner of the 2026 FIFA World Cup tournament.

According to WagerWire, the approval in principle positions the Wire Markets developer to support future expansion into additional jurisdictions. WagerWire intends to establish Gibraltar as its “international base” for prediction market operations and as a “springboard” for global growth. 

Also speaking on the approval in principle, the Honourable Nigel Feetham KC MP, Minister for Justice, Trade and Industry of Gibraltar said: "Gibraltar has long been recognized as a leading jurisdiction for innovative and responsibly regulated gaming businesses. We welcome applications from companies that prioritise transparency, compliance and technological innovation.

“WagerWire’s application is being viewed favourably at this stage, subject to the completion of the relevant due diligence, assessment processes and regulatory requirements. We look forward to continuing our engagement with the company as that process progresses.”

In an effort to expand its own prediction market operations, FanDuel formed a new partnership with Crypto.com and the operator’s Commodity Futures Trading Commission (CFTC)-regulated exchange OG on June 9. 

The collaboration will grant FanDuel Predicts the ability to offer an expanded lineup of sports and entertainment contracts in addition to the markets currently provided in partnership with CME Group.

Good to know

US Senator Elizabeth Warren has issued a letter to CFTC Chairman Michael Selig on June 8, questioning the Commission’s ability to properly regulate prediction markets and cryptocurrency firms

Reaction Board

News Analysis

View All
NBA analysis

Will the NBA’s parlay restrictions actually lead to resolutions?

The league’s authorized sports betting partners were told to restrict parlay wagers and ‘first of’ markets on October 16, such as the winner of the opening tip and players to miss specific shots.

6 min read • • By Kirk Geller
Italy Analysis

The end of Italy's sponsorship loophole? AGCOM takes aim at gambling infotainment deals

Italy’s gambling infotainment partnerships have let betting operators maintain a presence in football despite the country’s advertising ban. Now, AGCOM’s proposed new guidelines could change the game.

5 min read • • By Marieta Lezaic
Pontus Q3 26 Interview

Pontus Lindwall explores Betsson's Q3 profitability and 'unexpected' challenges in Brazil

Betsson CEO Pontus Lindwall speaks exclusively to Global Gaming Insider to discuss Q3 results, B2B challenges, Latin American growth and the company’s cautious approach to Brazil.

4 min read • • By Marieta Lezaic

In The News

View All