A First Nation community in New Brunswick, Canada has become the latest jurisdiction to set up its own prediction markets regulations, perhaps taking a cue from Gibraltar over in Europe.
The Tobique First Nation, which has a population of less than 3,000 community members according to a 2025 census, has its own independent gambling regulator – the Tobique Gaming Commission (TGC).
Established with the Tobique Gaming Act of 2023 and built upon the nation’s inherent right to self-govern, the regulator is a sovereign authority that operates outside of Canada’s provincial and federal gambling legislation.
Through its self-governance powers, Tobiuqe has now also enacted its Prediction Markets Act and established the Tobique Prediction Market Authority, which will fulfil its functions as a separate entity from the TGC that solely governs relevant permit holders.
