Nevis launches prediction market licence as Utah charges Kalshi

Utah has filed criminal charges against Kalshi, following Arizona’s illegal gambling accusation.

The hit

Nevis has launched a dedicated prediction markets licensing regime, according to the Nevis Online Gaming Authority. The Nevis Prediction Market License covers both B2C operators & B2B tech & service providers, following Gibraltar’s launch of the world’s first such framework earlier in 2026.

Why it matters

For operators, a Nevis licence offers a regulatory base with lighter domestic political pushback than the US, where the status of prediction markets as gambling is being actively contested. It gives firms covering sports, financial, political & crypto markets another jurisdiction to operate from while bigger markets fight over definitions.

The record

Regulator	Nevis Online Gaming Authority (NOGA)
First mover	Gibraltar launched the first prediction markets licence earlier in 2026
US legal action	Utah has filed criminal charges against Kalshi over alleged illegal gambling
Prior US action	Arizona previously accused Kalshi of running an illegal gambling operation
US federal stance	The CFTC governs prediction markets federally, separate from gambling law

What happens next

Watch how US states beyond Utah & Arizona respond to Kalshi & similar platforms, & whether more jurisdictions follow Gibraltar & Nevis in launching dedicated prediction markets licences.

Sources: Prediction markets get new licensing home

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