7bet brings prediction markets to Lithuania and Latvia
7bet announced prediction markets for Lithuania and Latvia with supplier Altenar. Its Lithuanian product uses fixed odds on real-world events.
Vilnius-based gambling operator 7bet has announced a prediction-market product for Lithuania and Latvia, covering elections, politics, weather and other events. As SBC News reported on 6 November, 7bet credited betting technology supplier Altenar in the announcement.
On 7bet’s Lithuanian product page, the company describes its offer as fixed-odds betting and identifies UAB Amber Gaming as the operator. Customers take a price set by the operator when they place a bet. On an exchange, traders buy and sell contracts at prices that can move with demand.
Lithuania’s Gambling Control Authority said on 8 September that it had ordered access to Polymarket’s international site blocked after an investigation and a regional administrative court decision. The order addressed Polymarket’s offer. PF’s coverage of prediction market regulation in Europe examines how product design and national rules shape access.
7bet named both countries in its announcement. The Latvian product terms and exact start dates in each market remain unverified.