Finance News
By James Thorp
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Why Gibraltar Needs This. The timing isn't random. Gibraltar's gambling sector brings in roughly one-third of all tax…
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Market Reality Check. Here's the thing though - nobody really knows how big this market can get.
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What Happens Next. Predict Street plans to launch promotional campaigns across Europe ahead of the World Cup, though…
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Gibraltar just made history. The British territory handed out its first-ever prediction market license to Predict Street Ltd on March 26, marking a pretty big shift in how the…
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Predict Street didn't waste time claiming they're the "official prediction market partner" for the 2026 FIFA World Cup, which sounds impressive but raises questions about what…
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The timing isn't random. Gibraltar's gambling sector brings in roughly one-third of all tax revenue, but recent UK tax increases are basically killing the golden goose.
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Feetham's been pretty clear that Gibraltar can't just sit around waiting for things to get better.
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And Gibraltar isn't alone in this scramble. Malta's Gaming Authority is watching closely, with spokesperson Maria Vella saying they're "keen to learn from Gibraltar's experience"…
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Here's the thing though - nobody really knows how big this market can get. Predict Street is the only licensed operator so far, and they haven't shared user data or revenue…
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The blockchain angle sounds cool, but it's not clear if regular punters actually care about decentralized prediction markets or just want simple betting interfaces.
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Some local gambling executives aren't convinced this pivot will work. One operator, who didn't want to be named, said prediction markets feel like "a solution looking for a…
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Gibraltar's government seems committed to the experiment regardless. Feetham recently met with several other potential prediction market operators, suggesting more licenses could…
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But there's real pressure here. Gibraltar's traditional gambling industry employs thousands of people and supports countless local businesses.
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The World Cup timing gives Predict Street a natural marketing opportunity, but it also creates a deadline.
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Predict Street plans to launch promotional campaigns across Europe ahead of the World Cup, though they're being careful about which countries they target given varying regulations.
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