Gambling Regulatory Authority of Kenya Plans to Introduce License for Prediction Markets

Kenya’s Gambling Regulatory Authority (GRA) plans to establish a special license category for prediction markets in order to create a more precise structure for platforms that offer contracts on future events. The proposed license raises concerns about the regulation of prediction markets related to sports, elections, and economic indicators, especially in instances where platforms use cryptocurrencies or operate globally. According to Global Gaming Insider, which cited an interview with GRA director general Peter Karimi that was published by Business Daily on October 18, the GRA has launched its 2026–2027 licensing period and a number of companies have contacted them regarding…