Nevis opens dedicated prediction market licensing framework
The Nevis Online Gaming Authority has introduced a separate licensing framework for prediction market operators and their technology suppliers. Launched on October 30 and announced on November 2, the category covers event-based markets under requirements distinct from Nevis’s existing online gaming licenses. Application forms, license conditions, and supporting guidance were made available on November 2.
The framework provides separate routes for businesses offering prediction markets directly to customers and B2B companies supplying the underlying services. Its stated scope includes markets concerning sports, political events, economic indicators, entertainment, weather, and digital assets. Permitted activities will be assessed for each applicant, taking account of its proposed operating model and associated risks.
NOGA said the framework can accommodate binary and multiple-outcome contracts, pari-mutuel structures, and market-maker arrangements, subject to regulatory approval. Its oversight requirements address market manipulation, conflicts of interest, protection of participant funds, and transparency in determining outcomes. Applicants must also establish reliable outcome data sources and procedures for settlement and disputes.
Application process separates operators and suppliers
The dedicated application page requires applicants to be incorporated in Nevis and hold a valid certificate of incorporation. Companies initially submit their incorporation documents and identify whether they are seeking B2B or B2C authorization. After those documents are checked, NOGA issues a payment link and subsequently provides access to its online licensing portal for the full submission.
The authority lists application materials covering the business, key individuals, ultimate beneficial ownership, source of funds, and source of wealth. Those forms accompany the framework’s introduction, requirements, and license conditions. Prospective applicants are invited to discuss their proposed activities with NOGA before making a formal submission, particularly where eligibility or the intended business model requires clarification.
NOGA’s published fee schedule lists a one-time €18,000 setup fee for either prediction market category and an annual €18,000 renewal fee. Licenses are renewed on the anniversary of issuance. The authority also specifies that Nevis authorization remains subject to the laws and regulatory requirements of the countries where a licensee offers its services.
