Nevis launches prediction-market licences for operators and providers

The Nevis Online Gaming Authority has introduced a dedicated prediction-market licence for consumer-facing operators and the companies supplying their technology.

Nevis is an island within the Caribbean federation of Saint Kitts and Nevis, with its own island administration.

Its 2 November announcement says the framework launched on 30 October 2026, with application forms, conditions and guidance available from 2 November.

The category is separate from NOGA’s existing online gaming licences. It provides distinct routes for B2C operators serving users and B2B technology and service providers.

Separate fees for setup and renewal

NOGA’s published fee schedule lists a one-time €18,000 setup fee for either type of prediction-market licence and an €18,000 annual renewal fee. Additional charges can apply, so the headline fee does not describe the full cost of establishing and maintaining an operation.

The dedicated application page requires applicants to be incorporated in Nevis. After an initial request and document checks, applicants receive a payment link and then access to an online portal to submit the full application.

Event resolution and overseas access

NOGA says the framework covers topics including sports, elections, economic indicators and crypto. Binary and multi-outcome markets, pari-mutuel models and market-maker arrangements may be considered, subject to approval of the applicant’s business model.

The authority identifies market manipulation, conflicts of interest, participant funds and transparent event resolution as areas addressed by the framework. It also names reliable outcome data and settlement-dispute procedures.

A Nevis licence does not provide blanket permission to serve customers internationally. NOGA’s announcement expressly makes authorisation subject to the laws and regulatory requirements of the jurisdictions where a licensee offers services.

For operators considering the route, that leaves two separate questions: whether their proposed model meets Nevis’s licensing conditions and where they can lawfully make it available. PF’s analysis of prediction-market regulation in Europe examines the differing approaches in Gibraltar and other European jurisdictions.