Story perspectives
Nevada Bans Prediction Markets, Sparking Regulatory Tensions
10/19/2025
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Story summary
- The Nevada Gaming Control Board (NGCB) declares prediction markets unlawful betting activities, noting contracts tied to sports, politics, or entertainment are wagers under law.
- NGCB Chair Mike Dreitzer says Nevada welcomes innovation but must follow legal frameworks.
- Missouri Gaming Commission member Mike Leara criticizes prediction markets.
- FanDuel and DraftKings pursue partnerships elsewhere but face Nevada's regulatory obstacles.
- The disputes reveal ongoing regulatory tension between state authorities and prediction-market platforms.
