Applying

Permit Requirements

Who should apply, what applicants must demonstrate and what a complete application includes.

Eligibility

Who should apply

Any business that wants to operate a Prediction Market from, or under the authority of, Tobique First Nation. Suppliers of material prediction market technology or services will also need a B2B Market Services Permit.

Operators

Prediction Market Permit

For any business that wants to operate a Prediction Market from, or under the authority of, Tobique First Nation.

Suppliers

B2B Market Services Permit

For suppliers of material prediction market technology or services.

Standards

What applicants must demonstrate

Fit and proper ownership and management

Disclosure of beneficial owners, controllers, directors and Key Persons.

Market integrity

Clear Market Rules, real-time surveillance, position limits and a full audit trail.

Robust financial-crime controls

A risk-based AML/CFT/CPF programme, KYC and EDD, sanctions and blockchain screening.

Participant protection

Clear risk disclosures, appropriateness checks, complaints handling and an approved ADR provider.

Secure, resilient technology

Cybersecurity, business continuity and controlled change management.

A Recovery and Wind-Down Plan

Approved by the Authority before a Permit is granted.

Your application

What to submit

A complete application includes the following, grouped here for ease of reference.

Corporate and ownership

Corporate documents
Ownership and Key Person details
A business and financial plan

Markets and conduct

Market model
Proposed Event Contract categories
Market Rules
Surveillance arrangements
Onboarding and disclosures
Target jurisdictions

Financial crime, digital assets and settlement

AML/CFT/CPF programme
Approved digital assets and chains
Wallet architecture
Custody and external conversion providers
A complete money-flow diagram
Settlement arrangements

Operations and resilience

Outsourcing and B2B providers
Complaints and ADR arrangements
Technology and cybersecurity
A Recovery and Wind-Down Plan

Discuss your proposed application

Contact the Authority to discuss your proposed business model and application requirements.