Written question asked by Baroness Bennett of Manor Castle (Green Party) on Monday, 2 February 2026, in the House of Lords. It was due for an answer on Monday, 16 February 2026. It was answered by Baroness Twycross (Labour) on Monday, 16 February 2026 on behalf of the Department for Culture, Media and Sport.
Betting: Regulation
- Question
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To ask His Majesty's Government what assessment they have made of (1) the economic risks, (2) social impacts, and (3) costs, of prediction markets; and what consideration have they given to further regulation or restriction of such systems.
- Answer
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In order to operate in Great Britain, any prediction market would require a licence from the Gambling Commission, the independent regulator for gambling. If approved, they would be classified as a ‘Betting Intermediary’ and subject to regulation under the Gambling Act 2005. We will monitor the potential impacts of prediction markets and consider further action if needed.
Secondary information
- Type
- Written question
- Reference
- HL14169
- Session
- 2024-26
- Subjects
- Betting Regulation
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-02-16 16:34:18 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL14169
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL14169
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL14169