Nevada Regulators Reaffirm Crackdown on Prediction Market Ties

Nevada’s gaming watchdog has intensified its stance against prediction markets, joining a growing list of state regulators warning that contracts based on sports, politics, or entertainment outcomes are considered unlawful betting activity. On Wednesday, the Nevada Gaming Control Board (NGCB) issued a notice (pdf) titled “Sports Event Contracts Are Wagers,” underscoring that such contracts are […]