Control Board warns gaming companies to avoid prediction markets

Control Board warns gaming companies to avoid prediction markets

Nevada gaming regulators warn licensees not to partner with event prediction markets or they could be disciplined with fines, suspensions or license revocations.

Nevada warns operators it will review licenses if they offer prediction markets

Nevada Gaming Control Board (NGCB) chair Mike Dreitzer has sent a memo to its licensees to clarify that sports event contracts are wagers and that offering them in the state would put their licenses at risk. In the letter sent on October 15, Dreitzer said that the board was aware that some licensees have expressed interest in offering prediction markets to customers, in either Nevada or other US states, and confirmed it has received “direct inqu…

Nevada Gaming Warns Operators to Steer Clear of Sports Event Contracts, Certain Prediction Market Contracts

The Nevada Gaming Control Board issued a letter to gaming license holders to not offer sport event or prediction market contracts The gaming control board notes sports event contracts are considered wagers Board will consider suitability of licensing if an operator offers sports event contracts Nevada is the latest state to warn its licensed gaming and sports betting operators to stay away from sports event and certain prediction market contract…