Prediction Markets in Africa
Are prediction markets gambling, and where are they legal in Africa? Our guides and regulation reporting on Kenya, Liberia and the wider continent.
Prediction markets sit between trading and betting, and African regulators are only starting to say which side they fall on. This page gathers our guides and regulatory reporting so you can follow how individual countries treat them.
Where Prediction Markets Are Legal in Africa
You want to launch a prediction market in Africa and nobody can tell you if it is legal. Here is the position in every market that has taken one, and what it costs.
5 min read
Liberia Sets an $80,000 Fee for a Prediction Market Licence
Liberia now licenses prediction markets, and it has published a price. An $80,000 fee, $500,000 in paid-up capital, and a ban on betting against elections.
4 min read
Kenya Moves to Licence Prediction Markets as Gambling
Kenya's Gambling Regulatory Authority plans a separate licence for prediction markets, treating them as gambling rather than trading. What the GRA has said, and what it leaves unanswered.
4 min read
Are Prediction Markets Gambling? What Africa's Regulators Are Deciding
Prediction markets look like trading and behave like betting. Here is the actual difference, why regulators keep calling them gambling, and what that means in African markets.
7 min read
