Prediction markets fit within MGA rules – but changes possible 

The Malta Gaming Authority (MGA) confirmed that prediction markets already fall within the existing regulatory framework, though a review is underway to assess potential updates to the rules.

An MGA spokesperson tells iGamingCapital.mt that the existing framework is technology-neutral and therefore sufficiently flexible to accommodate such offerings. 

“In particular, products of this nature may fall within the scope of either a Type 2 (fixed odds betting) or Type 3 (peer-to-peer/exchange-based betting) licence,” they said. 

However, they added that the specific characteristics of certain prediction markets may warrant additional regulatory consideration. 

“The Authority is currently assessing whether particular product features may require a differentiated regulatory approach,” they said.

“In this regard, the MGA remains in ongoing dialogue with relevant stakeholders, including national competent authorities.”

“The Authority is also currently assessing whether additional guidance may be required to support greater clarity in relation to the regulatory treatment of prediction markets.”

Last month, Economy Minister Silvio Schembri confirmed that the Government is “actively exploring” a legal framework that would provide regulatory clarity to online prediction markets. 

SOFTSWISS recently became the first Malta-based company to launch prediction market software for iGaming operators.

Its software is built on a fixed-odds framework, giving operators greater control over pricing and margins and allowing them to manage risk within familiar sportsbook structures.