WagerWire is set to launch a predictions market in Gibraltar after its parent company, Wire Industries Inc., received approval in principle from the region's regulatory body. This will allow Wire Markets Ltd, the subsidiary responsible for predictions markets, to operate as a regulated entity in Gibraltar.
The company emphasized that this approval positions them for potential expansion into additional global markets. Gibraltar's Minister for Justice, Trade and Industry, Nigel Feetham, outlined plans in April for the region to become one of the first in Europe to license predictions markets. Feetham remarked, "Gibraltar has long served as a gateway for innovative gaming businesses seeking to operate on an international stage. In WagerWire, we see a company with ambitions that extend well beyond a single market and a team that understands the importance of building within a robust regulatory framework. We look forward to continuing our engagement with the company through this process."
WagerWire intends to use Gibraltar’s regulatory framework to spur international growth, aiming for initial activation of its product later this year, perfectly timed with the commencement of the NFL and international football leagues.
Founded in 2023, WagerWire has developed technology-driven products centered on market participation from its Los Angeles headquarters. It launched as the first secondary marketplace for online sports wagering, allowing users to buy and sell active sportsbook bets.
CEO Zach Doctor regarded the Gibraltar approval as a “transformational opportunity.” He stated, “For years, we’ve built products that challenge the status quo by introducing greater flexibility, liquidity, and control into traditional sports betting, and Wire Markets represents a natural extension of that vision. We feel a strong alignment with Gibraltar’s vision and its longstanding reputation as the gold standard in international gaming regulation. The jurisdiction’s commitment to thoughtful innovation creates a powerful foundation for growth, and we’re excited about the opportunity to build from Gibraltar as we pursue a global vision for the future of prediction markets.”
Earlier in March, ADI Predictstreet was named the official prediction market partner for the 2026 FIFA World Cup and was the first to receive a Gibraltar license. This positions Gibraltar as a leader in predicting market regulation within Europe, being the first region to directly license such activities.
In March, Feetham noted in parliament that he anticipates prediction markets to be a “substantial area of growth” in Gibraltar. Andrew Lyman, the territory’s gambling commissioner and executive director, mentioned in April, “The jurisdiction has the agility to flex as we learn to accommodate different models. This does not rule out the development of a bespoke prediction market regulatory regime that is neither ‘gambling’ nor ‘financial services.’”
While Gibraltar embraces this innovative market, several European jurisdictions, including the Netherlands, France, and Germany, have opted to explicitly ban such markets, with regulators blocking access to the prominent operator, Polymarket.
