Nevada Regulator Fights CFTC Market Prediction Rules
Nevada’s objection over sports event contracts and underage participation adds pressure to the debate over CFTC rules.
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04 RegulationKalshi, DraftKings, FanDuel, MGM Resorts, Caesars Entertainment
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Nevada’s objection over sports event contracts and underage participation adds pressure to the debate over CFTC rules.
Proposed Nevada technical revisions cover multiple gaming systems, putting associated equipment requirements under review.
Nevada's chairman says any prediction-market participation makes a company ineligible for Nevada gaming, creating licensing risk for operators and suppliers working with Kalshi.
Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
Regulators and operators face dispute over whether sports event contracts are meaningfully different from online sports bets.
Licensees can comment on revised technical standards before the proposed adoption date.