Hacksaw launches operator-focused prediction-markets platform after MGA licence extension

Hacksaw Group has launched a business-to-business prediction-markets platform and received a Malta Gaming Authority extension to its existing gaming-supply licence, allowing it to provide peer-to-peer prediction-market services under the MGA framework.

The platform is intended for operators rather than consumers. It gives clients access to Hacksaw’s technology infrastructure, distribution network and operator ecosystem, enabling them to offer prediction-market products while retaining their own brands, customer relationships and user experience.

According to FX News Group, the MGA extended Hacksaw’s B2B Critical Gaming Supply License to cover Type 3 Gaming Services, alongside its existing Type 1 authorization. Hacksaw said the platform was designed in line with the compliance-first approach used for its licensed gaming infrastructure.

The company is positioning itself as an infrastructure provider, rather than a destination that acquires users directly. Its system is designed to remove the need for individual operators to build and maintain their own prediction-market technology, while a connected volume framework aggregates peer-to-peer participation across its operator network. Hacksaw believes this can offer operators broader capacity from launch.

Ana Vrabic Verdir, Hacksaw Group’s chief executive, called prediction markets “a compelling new opportunity at the intersection of technology, entertainment and market participation.” Marcus Cordes, operational chief executive of Hacksaw Gaming, said the company had created a way for operators to access such capabilities “efficiently and at scale.”

Hacksaw said it developed the product to meet increased demand, using its existing technology, development team and cost base. The move expands the company’s B2B iGaming offering, which already spans game development and distribution, including digital slots, scratch cards and crash games. Its shares are listed on Nasdaq Stockholm under the ticker HACK.

Prediction markets allow participants to trade contracts tied to future outcomes, commonly binary events whose prices can be read as the market’s collective estimate of probability. Operators generally facilitate trades between users and earn transaction fees or commissions, rather than taking positions on outcomes. Bernstein has estimated that annual prediction-market trading volume could reach about $1 trillion by 2030.

The category faces uneven regulation. University of Oxford analysis says national gambling laws have produced differing European interpretations, with bans on prominent operators in countries including Belgium, France, Germany, Greece, the Netherlands, Poland, Portugal, Romania, Switzerland and Ukraine. Great Britain’s Gambling Commission has said prediction markets cannot classify themselves as non-gambling products, while France’s Autorité Nationale des Jeux has described them as illegal and potentially risky to users.

Hacksaw AB shares rose 3.44% to SEK57.15 in Stockholm following the announcement, according to Gaming Intelligence.