MGM and Caesars avoid prediction markets over US casino licence concerns
By The Weekly Edge desk ·
Summary
MGM Resorts and Caesars Entertainment are staying outside prediction markets because of potential risks to their casino licences, reported by Legal Sports Report on 30 September 2026. MGM CEO Bill Hornbuckle said Nevada regulators warned participation could affect licensing, while Caesars CEO Tom Reeg indicated entry depended on protecting existing licences.
Why it matters
Casino licensing concerns constrain MGM and Caesars while sportsbook competitors expand into prediction markets.