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    New licensing home opens up for prediction markets

    The Nevis Online Gaming Authority has launched a dedicated licensing regime for prediction markets. Under the newly established regulatory framework, the Caribbean jurisdiction will issue licenses for international operations while continuing to prohibit local residents from participating in iGaming activities.

    Summary based on reporting by SBC News, which retains all rights to its text and images.

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    Gambling Commission payment data: 91% of repeat illegal-site users still bet with licensed sites

    The Gambling Commission's first open banking study into black market activity revealed that 91% of repeat illegal site users continue to bet with licensed operators. The research linked unlicensed platforms to a high concentration of gambling harm. These findings challenge the betting industry's argument that tax increases and regulatory pressures primarily drive players offshore.