Hacksaw Launches B2B Prediction Markets Platform With MGA Approval

Hacksaw Group announced a B2B peer-to-peer prediction markets platform on October 15, 2026, alongside an extension of its Malta Gaming Authority licence. The company said the approval adds Type 3 Gaming Services to its existing Type 1 authorization, covering the supply of peer-to-peer prediction market services under Malta’s regulatory framework. 

The platform is designed for operators that want to offer prediction markets under their own brands. Hacksaw will provide the underlying infrastructure, while its partners retain their customer relationships and control over the user experience.

Although Hacksaw described the announcement as a platform launch, it did not identify initial operator clients, target jurisdictions, supported event categories or dates for the first consumer-facing deployments. The announcement therefore establishes the product and licensing development without confirming where customers can begin using it.

MGA Type 3 Approval Covers Peer-to-Peer Services

The licence extension reflects a different operating model from the casino games covered by Hacksaw’s existing Type 1 authorization.

According to the MGA’s classification, Type 1 covers games played against the house whose outcomes are determined by a random generator. Type 3 covers games in which participants do not play against the house and the operator has no exposure to gaming risk. Instead, the operator earns commission or another charge based on stakes or prizes.

The regulator includes betting exchanges, peer-to-peer poker and other commission-based games within Type 3. This provides the relevant regulatory category for the model Hacksaw has described. 

The distinction matters commercially because revenue in a commission-based model depends on facilitating participation rather than taking the opposing side of customers’ positions. However, Hacksaw has not disclosed its platform pricing, commission arrangements or the division of revenue with operator partners.

The MGA also states that existing Gaming Service or Critical Gaming Supply licensees can apply for approval to add another game type. Hacksaw’s announcement concerns an extension of its B2B supply licence, rather than the creation of a separate consumer betting brand. 

Shared Participation Is Central to the Distribution Model

Hacksaw intends to aggregate peer-to-peer participation across its operator network. The company says this approach should give partners access to a broader pool of activity from launch, instead of requiring each operator to build participation independently.

That addresses a practical challenge for peer-to-peer products: customers need other participants willing to take the opposite side of a position. Combining activity across several operator brands could improve the chances of finding a match, although the announcement provides no trading-volume commitments or evidence of liquidity at launch.

Operators will access the product through Hacksaw’s established technology and distribution infrastructure. The company presents this as a way to add prediction markets without independently developing and maintaining the underlying platform. It also said the product was developed within its existing cost base.

For operator partners, the proposed arrangement combines a shared participation network with their own customer-facing brands. The first commercial deployments will establish how that structure works in practice, including which events are offered, where participation is permitted and how trading charges are applied.