7bet Launches Prediction Markets in Baltics
The Lithuanian operator debuts event contracts in Lithuania and Latvia as regulators in Lithuania block 2208 illegal gambling domains.
Updated on Nov. 6, 2026 in Gambling
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7bet has launched a prediction markets product in Lithuania and Latvia, offering event contracts on elections, politics, weather, celebrity news, and local and international developments. The move comes as Lithuania's gambling authority ordered the blocking of 2208 illegal gambling domains.
Why it matters
Prediction market offers sit in a legal grey area in the Baltics: Lithuania treats them as gambling requiring a licence, while Latvia requires one only for non-financial event contracts. The launch tests how regulators in the region will classify this emerging product category.
7bet is licensed in Lithuania, Latvia, and the United Kingdom, and its prediction markets run on technology supplied by Altenar, a B2B betting firm that entered prediction markets earlier in 2026. Lithuania's gambling authority, operating under the Ministry of Finance, ordered 2208 illegal gambling domains blocked.
The players
7bet
7bet is a betting operator based in Vilnius and licensed in Lithuania, Latvia, and the United Kingdom.
Altenar
Altenar is a B2B betting technology firm that supplies the platform behind 7bet's prediction markets and entered the prediction markets space earlier in 2026.
Lithuanian gambling authority
The Lithuanian gambling authority operates under the Ministry of Finance and issued the order blocking 2208 illegal gambling domains.
The details
7bet's prediction markets platform offers event contracts on elections, politics, weather, celebrity news, and local and international developments, built on Altenar's technology. Lithuania has also banned Polymarket, blocking access through internet service providers, and its blocking order followed an investigation into websites hosting gambling services without the required licence.
Timeline
Earlier in 2026: Altenar enters prediction markets technology.
November 6, 2026: 7bet launches prediction markets in Lithuania and Latvia.
Industry Dynamics
Lithuania's ban on Polymarket and its ISP-level blocking of 2208 domains show regulators treating prediction markets as gambling, and 7bet's launch tests whether licensed operators can offer similar products within the same framework. The Baltic states are becoming a proving ground for how prediction markets will be regulated in Europe.
Readers in Lithuania and Latvia can now access 7bet's event contracts on elections, weather, and celebrity news, though Lithuanian law treats these products as gambling requiring a licence. Anyone in Lithuania considering these markets should note that the same platform category has already been banned in the country.
The takeaway
Prediction markets are not regulated uniformly even within the Baltics, so the legal status of an event contract depends on both the country and the product's structure. Check whether a platform holds a licence in your jurisdiction before participating.
Further reading
Explore more on Gambling to see how regulators and operators are handling prediction markets.
Source note: This article includes information reported by SBC News.
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