Hacksaw is moving into a market that Bernstein estimates could reach about $1 trillion in annual trading volume by 2030.
Hacksaw Group has launched a B2B prediction markets platform that lets operators offer peer-to-peer prediction markets under their own brands. The Nasdaq Stockholm-listed supplier announced the launch on 15 October 2026, together with an extension of its Malta Gaming Authority (MGA) licence.
How the platform works
According to Hacksaw’s announcement, its role is to supply the technology, infrastructure, and volume frameworks behind the product. Operators keep ownership of their brands, customer relationships, and user experience.
The main features are:
- Operators do not have to build or maintain the underlying technology themselves.
- A connected volume framework is designed to pool peer-to-peer participation across Hacksaw’s operator network.
- Operators can draw on their existing customers and player ecosystems.
- Hacksaw built the platform within its existing cost base, using its current technology and development team.
Hacksaw said pooling could help with one of the main challenges of launching a new peer-to-peer market, giving operators broader capacity from launch instead of building it on their own.
Marcus Cordes, operational CEO of Hacksaw Gaming, said:
‘We have created a solution that enables operators to access prediction market capabilities efficiently and at scale.’
Cordes added that Hacksaw already works closely with operators in multiple jurisdictions, which the company believes gives it a streamlined path to market.
What the MGA approval covers
Hacksaw’s Maltese subsidiary, HGMT Limited, holds a B2B critical gaming supply licence from the MGA. The licence previously covered Type 1 games, and the MGA’s public register now lists Type 3 as well.
| Type 1 | Type 3 | |
| What it covers under Maltese rules | Games of chance played against the house, with outcomes set by a random number generator | Player-versus-player games where the operator carries no gaming risk and earns a commission |
| Vertical on Hacksaw’s MGA record | Casino | Pool betting, including betting exchange |
| Status | Already held | Added, announced 15 October 2026 |
Hacksaw said the extension authorises it to offer B2B peer-to-peer prediction market services under the MGA framework. The register itself does not list a separate prediction markets category, and the approval was granted under Malta’s existing Type 3 rules.
Why Hacksaw is moving into prediction markets
The launch adds a new product line for a supplier whose games have so far covered slots, scratch cards, and crash games. Hacksaw’s second-quarter revenue rose 31% to €59.3 million.
In its announcement, Hacksaw cited Bernstein’s estimate that annual prediction market trading volumes could reach about $1 trillion by 2030. Bernstein also expects volume to grow by around 370% in 2026.
Ana Vrabic Verdir, group CEO of Hacksaw Group, said:
‘Prediction markets represent a compelling new opportunity at the intersection of technology, entertainment and market participation. We believe our existing platform, distribution capabilities and operator relationships position us exceptionally well to help businesses participate in this category.’
A split picture across Europe
Europe has no single approach to prediction markets. In June, regulators from Belgium, France, Germany, Italy, the Netherlands, Poland, Portugal, Spain, and Switzerland signed a joint declaration to act together against unlicensed platforms. Malta was not among the signatories.
Gibraltar brought in a dedicated prediction markets framework on 13 July. Malta has said it is exploring its own framework, but as of 16 October, no draft law or consultation had been published.
