The Malta Gaming Authority (MGA) is assessing whether its betting integrity function should be expanded in light of the growing popularity of prediction markets.
Speaking at a recent NEXT.io session on prediction markets, MGA CEO Charles Mizzi stressed that safeguarding betting integrity remains a core regulatory priority for the Authority.
He noted that the MGA has previously taken action against betting markets linked to animal cruelty, and said it will intervene again where any offerings conflict with Malta's public policy framework.
“Integrity remains a core regulatory priority. The MGA's Sports Betting Integrity team continues to work with operators and international stakeholders to safeguard markets from manipulation and abuse,” he said.
Mr Mizzi added that, as betting products and business models evolve, the MGA is exploring how its integrity function may be expanded to address betting integrity more broadly.
“The MGA's overarching objective is to support responsible innovation while maintaining an appropriate balance between opportunity, player protection, integrity and public trust,” he said.
The emergence of prediction markets has sparked debate within the gaming industry, with some operators warning that they are opening new opportunities for unregulated insider trading.
Christopher Dalli, CEO of Malta-based online gaming operator L&L Europe, recently warned that consumers are essentially betting against the house without being told they are.
Mr Mizzi confirmed that prediction markets are attracting increasing interest from both existing MGA licensees and prospective market entrants.
However, he stressed that the underlying concept of such markets isn’t new, and many of these products share characteristics with offerings that have long existed within regulated markets.
With Malta actively exploring a legal framework that would provide more regulatory clarity to online prediction markets, the MGA head stressed they are already subject to some regulatory oversight.
“The MGA's regulatory framework is both game and technology-neutral, focusing on the activity, associated risks and outcomes rather than the specific technology or game mechanics used,” he said.
He added that the framework is designed to be sufficiently adaptable to accommodate innovation while maintaining appropriate regulatory safeguards.
Cover photo: Malta Gaming Authority
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