{"id":751258,"date":"2026-08-27T09:40:25","date_gmt":"2026-08-27T09:40:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/751258\/"},"modified":"2026-08-27T09:40:25","modified_gmt":"2026-08-27T09:40:25","slug":"prediction-markets-could-be-next-big-sector-on-the-isle-of-man","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/751258\/","title":{"rendered":"Prediction markets &#8216;could be next big sector&#8217; on the Isle of Man"},"content":{"rendered":"<p class=\"aiir-c-news-extra__timestamp\">\n                    Thursday, 27 August 2026 06:24\n                <\/p>\n<p>                <img decoding=\"async\" class=\"aiir-c-news-figure__image\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/08\/332241-1.jpg\" alt=\"\"\/><br \/>\n                                    Picture credit: IOM Government<\/p>\n<p class=\"aiir-c-news-article__abstract\">\n            Betting platform popular in US but regulations have prevented UK growth\n        <\/p>\n<p>A former treasury minister believes a type of betting platform popular in the United States could be the next big sector on the Isle of Man.<\/p>\n<p>Eddie Teare says government needs to identify a new industry to grow the economy.<\/p>\n<p>Prediction markets allow gamblers to bet on real world events that have specific outcomes, such as elections or awards winners.<\/p>\n<p>UK regulations have prevented growth of the sector across, something Mr Teare says could be an opportunity for the Island:<\/p>\n<p>\n\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Thursday, 27 August 2026 06:24 Picture credit: IOM Government Betting platform popular in US but regulations have prevented&hellip;\n","protected":false},"author":2,"featured_media":751259,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,96,758,755,756,757,128,50,759,56,54,55],"class_list":["post-751258","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-entertainment","tag-fun","tag-isle-of-man","tag-manx","tag-manx-news","tag-music","tag-news","tag-presenters","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/751258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=751258"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/751258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/751259"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=751258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=751258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=751258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}