The South African Bookmakers Association has announced plans to implement a complete ban on prediction markets within the country. Trade body CEO Sean Coleman confirmed the initiative on Monday amid ongoing concerns regarding market integrity.
Regulatory Action and Industry Context
SABA is advancing a regulatory measure to stop the expansion of the prediction market vertical. The association cited persistent integrity risks as the primary driver for the proposed restriction. Coleman stated that the organization will proceed with a full prohibition of the sector.
The announcement was published on Monday. iGaming Expert reported the development, noting that the gambling industry in South Africa continues to monitor integrity standards closely. The trade body’s decision aims to address these concerns before the vertical grows further.