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WagerWire is preparing to enter the prediction markets sector in Gibraltar after its parent company, Wire Industries Inc, received “approval in principle” from the jurisdiction’s regulator.
The approval clears the way for its subsidiary, Wire Markets Ltd, to establish a regulated prediction markets operator in Gibraltar, marking a key step in the firm’s international expansion strategy, the iGaming Business repored.
Gibraltar’s Minister for Justice, Trade and Industry, Nigel Feetham, has previously outlined ambitions for the territory to become one of the first European jurisdictions to formally license prediction markets. “Gibraltar has long served as a gateway for innovative gaming businesses seeking to operate on an international stage,” he told IGB.
“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,” he said. “We look forward to continuing our engagement with the company through this process.”
In a statement, the company said the “approval in principle” positions the company to scale its prediction markets business internationally, using Gibraltar as a regulatory and operational base. Initial product activation is targeted for later this year, aligning with the start of the NFL season and international football calendar.
Founded in Los Angeles, WagerWire has focused on building market-based sports wagering tools. Launched in 2023, the company introduced one of the first secondary marketplaces for online sports betting, allowing users to buy and sell active sportsbook positions.
CEO Zach Doctor described the Gibraltar approval as a “transformational opportunity,” framing prediction markets as a natural extension of the company’s existing products focused on liquidity and flexibility in betting markets.
“We feel a strong alignment with Gibraltar’s vision and its longstanding reputation as the gold standard in international gaming regulation,” he added. “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.”
Gibraltar has taken an early lead in regulating prediction markets, becoming the first European jurisdiction to directly license the sector.
In March, the territory granted its first prediction markets licence to ADI Predictstreet, the official prediction market partner for the 2026 FIFA World Cup.
At the same time, other European regulators have moved in the opposite direction, with countries including France, Germany, and the Netherlands blocking access to leading prediction market platforms such as Polymarket.
Gibraltar Gambling Commissioner Andrew Lyman has previously said the jurisdiction has flexibility to adapt regulation as the sector evolves. “[This] does not rule out the development of a bespoke prediction market regulatory regime that is neither ‘gambling’ nor ‘financial services’.”