Suppple Group Plc, a UK and South Africa-incorporated technology company listed on the Luxembourg Stock Exchange, today announced a strategic partnership with Ansino (Pty) Ltd, a licensed South African gaming operator, to launch an innovative prediction market platform tailored for the South African market.
The partnership positions the prediction market to capitalise on South Africa’s rapidly expanding gambling sector, which generated record gross gaming revenue of approximately £2.63 billion (ZAR 59.3 billion) in the 2023-24 fiscal year, with sports betting accounting for 60.5 percent of this total. The online gaming segment, valued at over ZAR 36 billion (£1.59 billion), continues to grow at 40-50 percent annually, fuelled by widespread smartphone adoption and a favourable regulatory landscape.
Strategic partnership structure
Under the terms of the agreement, Ansino will leverage its South African gaming licence and local market expertise to operate the prediction market platform, while Suppple Group delivers the core technology infrastructure and ongoing operational support. The arrangement combines Ansino’s regulatory compliance capabilities and market knowledge with Suppple’s technology platform expertise.
Ansino operates multiple established betting and gaming platforms across regulated markets, supported by experienced operators with international and South African platform expertise.
“We are excited to partner with Ansino, an incredible licensed gaming company, to introduce our prediction market platform to one of Africa’s most dynamic betting markets,” said Goitse Konopi, CEO of Suppple Group Plc. “South Africa’s digital infrastructure and regulatory framework provide an ideal setting for prediction markets to expand beyond traditional sports betting.”
The Prediction Market platform
The prediction market empowers users to trade event outcomes across diverse categories, including politics, art, culture, economics, finance, business, music, sports, entertainment, and global affairs. The platform employs transparent prediction market mechanics combined with advanced trading technology to deliver a seamless user experience.
Key features of the prediction market platform include:
- Real-time market data and pricing
- Advanced order matching technology
- Optional on chain-based settlement infrastructure
- Mobile-optimised user interface designed for South Africa’s approximately 80 percent mobile betting preference
- Full compliance with South African gaming regulations, licencing and responsible gaming standards
“This collaboration marks a key step in delivering next-generation betting solutions to South African consumers,” said Dino Goudis, CEO of Ansino. “The Prediction Market offers a secure, transparent platform that extends beyond conventional betting while adhering to the highest regulatory and responsible gaming standards.”
Market opportunity and context
The partnership enters the market as prediction markets experience mainstream adoption globally. Major developments in 2025 include CNN’s exclusive partnership with Kalshi for prediction market data integration, Robinhood’s prediction markets business generating $100 million in annualised revenue, and Intercontinental Exchange’s $2 billion investment in Polymarket, signalling institutional validation of the sector.
Industry research firm Eilers & Krejcik projects prediction markets could reach $1 trillion in annual trading volume by 2030, with sports representing 44 percent of long-term volume. The sector has evolved from niche financial instruments to mainstream forecasting tools used by media organisations, financial institutions, and retail participants.
South Africa’s gambling market presents opportunities for prediction market expansion. The country’s digital infrastructure supports sophisticated online platforms, while its regulatory framework provides clarity for licensed operators. Africa’s gambling industry is projected to achieve the fastest global growth in Gross Gaming Revenue, targeting 17 percent expansion by 2027.
Platform launch timeline
The Prediction Market platform is expected to launch in Q1 2026, pending final regulatory approvals and localisation processes. The rollout will follow a phased approach, beginning with select event categories before expanding to the full range of prediction markets across political, cultural, economic, and entertainment domains.
All operations will be conducted in full compliance with South African gaming regulations, with responsible gaming measures integrated throughout the platform architecture.