Nevis sets separate licensing terms and safeguards for prediction markets
IGaming Times reports the Nevis Online Gaming Authority introduced a dedicated prediction market licence on October 30 and announced it on November 2, priced at 18,000 euros against 28,000 euros for its gaming licences. Conditions bar markets on death, assassination, terrorism and ongoing criminal proceedings and require segregated customer funds, position limits and surveillance for wash trading.
Nevis has introduced a dedicated prediction market licence priced at 18,000 euros, compared with 28,000 euros for its gaming licences, according to iGaming Times.
Launch and pricing
The Nevis Online Gaming Authority introduced the licence on October 30 and announced it on November 2, iGaming Times reported. The separate category gives prediction markets their own licensing framework.
The stated price places the prediction market licence below the authority’s gaming licences. The supplied reporting does not detail other costs or application requirements.
Market restrictions and customer protections
The licence conditions prohibit markets involving death, assassination, terrorism and ongoing criminal proceedings, according to iGaming Times. Those exclusions constrain the events that licensed operators can offer.
Operators must also segregate customer funds, impose position limits and conduct surveillance for wash trading. These requirements address customer-money handling, exposure and trading oversight alongside the restrictions on market subjects.
What it means for prediction markets
- A distinct licensing category: Nevis has established a dedicated route for prediction markets, with a stated price of 18,000 euros rather than the 28,000 euros charged for gaming licences.
- Limits on eligible contracts: The prohibited subjects are relevant to which event markets licensed operators can list.
- Operational safeguards: Segregated customer funds, position limits and wash-trading surveillance are required conditions, not merely optional features.
Sources & attribution
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- iGaming Times
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