Nevada Gaming Control Board chair says no plan B if Supreme Court backs prediction markets
Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
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Kalshi, DraftKings, FanDuel, MGM Resorts, Caesars Entertainment, MGM
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Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
The comments raise licensing and tribal-law questions for prediction-market operators and tribes considering agreements with them.
The NGCB schedule sets recurring machine taxes, quarterly licence fees and monthly revenue fee bands for nonrestricted licensees.
Proposed Nevada technical revisions cover multiple gaming systems, putting associated equipment requirements under review.
Nevada licensees would need to change the resources promoted in problem gambling materials if the commission approves the amendment.
Nevada’s proposed regulatory amendment would remove references to the National Council on Problem Gambling.
The proposed standards would consolidate technical guidance for gaming equipment and systems in Nevada.
Opposition from regulators and gaming executives highlights prediction market concerns alongside industry discussion of compliance, oversight and risk.
Nevada licensing risks and regulatory warnings are keeping Caesars and MGM out of prediction markets.
Roberts’ indictment concerns allegedly continued wagering after arrest, including bets from an undercover investigator, highlighting the case for regulators.
The indictment advances an alleged illegal bookmaking case investigated for several years by NGCB and the FBI.
The statewide increase gives operators and investors a measure of Nevada's gaming revenue performance in August.
The ruling backs Nevada’s action against Kalshi’s sports contracts after Kalshi failed to demonstrate likely federal pre-emption.
Nevada can enforce gambling laws against Kalshi’s sports event contracts following rejection of its federal pre-emption argument.
Nevada’s casino revenue increased statewide, with the Las Vegas Strip recording faster percentage growth.
Kalshi faces a requested daily fine over alleged failure to geofence certain event contracts in Nevada.