The Nevis Online Gaming Authority (NOGA) now sells a licence built only for prediction markets. In a notice dated 2 November 2026, the regulator says the category was introduced on 30 October and that application forms, conditions and guidance went up on its website on 2 November. It covers two kinds of business: B2C operators running event markets, and B2B firms supplying technology or services to them.
Cheaper than the casino licence
NOGA’s fee table lists €18,000 as the setup fee for both the B2C and the B2B prediction market licence, and €18,000 again for each annual renewal. Its iGaming licence costs €28,000 up front and €28,000 to renew (see chart). On those numbers, an event-contract venue pays €10,000 a year less than a casino or sportsbook under the same regulator. The same table charges €750 for each additional URL and €35 per sub-domain.
What the regime says it covers
The notice describes the new category as separate from NOGA’s existing B2C and B2B gaming licences, with its own requirements and conditions. In scope, it says, are markets on sport, economic and financial indicators, political and electoral events, entertainment, weather and climate, and crypto assets. It names binary and multi-outcome markets, pari-mutuel pools and market-maker setups as possible structures, each subject to approval case by case. The stated focus areas are market integrity, manipulation and conflict-of-interest controls, how events are resolved and settled, reliable outcome data, dispute handling and protection of participant funds.
Who can apply
The application page limits eligibility to companies incorporated in Nevis. Applicants email NOGA with their incorporation papers and pick B2B or B2C; after a document check they get a payment link, and the page says fees can be paid in major currencies, including cryptocurrency. Only then do they get access to the online licensing portal. NOGA’s restricted-countries list, linked from the same site, requires geo-blocking of the United States, the United Kingdom, Australia, France, Germany, Spain, the Netherlands, Austria and St Kitts & Nevis itself. The notice also says a Nevis authorisation remains subject to the law of each country where a licensee offers its service.
Gibraltar went first
Gibraltar’s Prediction Market Regulations 2026 (LN 2026/176) took effect on 13 July 2026, 109 days before the Nevis category. Its approach is different in kind: activity under the regulations is not treated as betting, gaming or a lottery solely because it is a prediction market, the authorisation is not a gambling licence, and the authority has six months to decide a complete application. Nevis keeps prediction markets inside its gaming authority, but on a separate price list. Other regulators are moving in different directions: Spain still treats prediction markets as gambling, while in the US the CFTC has told exchanges to drop state geoblocks.
Key facts
Regulator: Nevis Online Gaming Authority (NOGA), Charlestown, Nevis.
Category introduced: 30 October 2026; forms and conditions online 2 November 2026.
Licence types: B2C prediction market operator; B2B technology and service provider.
Fees: €18,000 setup and €18,000 annual renewal (iGaming licence: €28,000 and €28,000).
Eligibility: companies incorporated in Nevis only.
Comparison: Gibraltar Prediction Market Regulations 2026, in force 13 July 2026.
Sources: NOGA notice, application page, fee table and restricted-countries list; Gibraltar LN 2026/176. Checked 7 November 2026.
Why it matters for GambleFi
Many crypto casinos and iGaming token (GambleFi) platforms hold licences from small offshore regulators, and a cheaper, separate prediction market category gives onchain event venues an obvious place to apply. A Nevis licence does not make a product legal in the restricted markets above, and a licence from a small island authority says little on its own. See our licence check of 17 registers and the Anjouan licence story for how offshore permits have held up, or the GambleFi FAQ for the basics. This is a report on a licensing regime, not legal or gambling advice.