WagerWire has obtained approval in principle from the Gibraltar regulator to establish a predictions market operation in the territory. The licensed subsidiary Wire Markets Ltd plans to activate the service later this year alongside the start of the NFL and international football seasons.
Regulatory Authorization and Launch Timeline
The regulatory green light positions the Los Angeles-based company to use Gibraltar as an international base for its forecasting platform. Minister for Justice, Trade and Industry Nigel Feetham stated that the jurisdiction aims to license the predictions market vertical early in Europe. He noted that WagerWire demonstrates a clear understanding of operating within a structured regulatory framework.Company Background and Market Context
WagerWire entered the market in 2023 as a secondary trading platform for active sportsbook wagers. CEO Zach Doctor described the Gibraltar authorization as a "transformational opportunity" for the company's global expansion. He added that the jurisdiction's regulatory standards align with the firm's long-term development strategy.The licensing process follows the March authorization of ADI Predictstreet, which operates as the official prediction market partner for the 2026 FIFA World Cup. Gibraltar remains the first European territory to issue direct licenses for this betting category.