Busha Launches Licensed Prediction Market Service

Nigerian technology company Busha has expanded its service offerings with the launch of Signal by Busha, a new prediction market platform. The service has received licensing from the Lagos State Lottery and Gaming Authority.

Signal by Busha operates as a web platform and is immediately accessible to existing Busha users. New users can create a Busha account and connect it to Signal. Users can fund their Signal wallets directly from their Busha wallets using supported balances, including Naira, stablecoins, and other cryptocurrencies available within the Busha app.

The platform allows users to trade positions on markets covering sports, crypto, culture, politics, economics, and trending topics. Users can buy and sell positions throughout the life of a market, enabling adjustments to exposure as new information emerges. Markets are settled using official event sources where available, with an internal resolution team determining outcomes for markets lacking a single authoritative source.

Prediction markets are gaining global recognition as tools for forecasting trends across business, politics, and technology. Busha co-founder and CEO Michael Adeyeri stated that the company's vision is to build technology that gives Africans access to the financial tools shaping the future.

Signal by Busha marks Busha's evolution from a digital asset platform to a broader technology company focused on finance, information, and emerging technology. The company has recently expanded significantly, introducing new savings products and business payment services.