{"id":14576,"date":"2026-05-07T05:56:01","date_gmt":"2026-05-07T05:56:01","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/07\/aga-ceo-miller-calls-federal-prediction-market-regulator-a-joke-cdc-gaming\/"},"modified":"2026-05-07T05:56:01","modified_gmt":"2026-05-07T05:56:01","slug":"aga-ceo-miller-calls-federal-prediction-market-regulator-a-joke-cdc-gaming","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/07\/aga-ceo-miller-calls-federal-prediction-market-regulator-a-joke-cdc-gaming\/","title":{"rendered":"AGA CEO Miller calls federal prediction market regulator \u201ca joke\u201d – CDC Gaming"},"content":{"rendered":"

The CEO of the American Gaming Association (AGA) forecasted that the casino industry and states will come out on top in the battle.
AGA\u2019s Bill Miller and Nevada Gaming Control Board Chair Mike Dreitzer appeared Tuesday night before business leaders and gaming industry executives at the Economic Club of Las Vegas at Park MGM. Prediction markets were the main topic of discussion.
Miller said the AGA has no definitive data on prediction markets, which have proliferated across the country over the last year under the regulatory jurisdiction of the federal Commodity Futures Trading Commission, headed by Michael Selig. But AGA has indications from what\u2019s happening in Tennessee, where there are no casinos, but where mobile sports wagering has undergone a \u201cprecipitous drop\u201d with the arrival of prediction markets. Tennessee launched sports betting to fund school choice.
\u201cThis year, we\u2019ve started to see softness nationally in the sports betting segment. We don\u2019t have definitive data on prediction markets, but these guys are offering sports bets framed in a different context,\u201d Dreitzer said.
Miller took aim at Selig for his comments that the CFTC has exclusive jurisdiction over regulating the prediction markets. Those who oppose that are getting taken to federal court by the CFTC and prediction market operators.
\u201cThe head of the CFTC, quite frankly, is a joke,\u201d Miller said. \u201cHe believes somehow that what he\u2019s doing is Uber and the rest of the country is the taxicab industry. That\u2019s not the case. He\u2019s not facilitating something that\u2019s a public good. A federal regulator charged with regulating derivatives around agricultural contracts should not be engaged in it.\u201d
Miller recounted that when Selig went before the Senate Agriculture Committee during the confirmation process, he said he\u2019d hold back his point of view and let the courts or Congress settle the issue. As soon as he was sworn in, however, Selig became a cheerleader for the prediction market industry and facilitated \u201cthis scourge\u201d by taking states to court.
The AGA, tribes, and state attorneys general are locked in legal battles across the country fighting prediction markets. Members of political parties in those states are lined up against them, Miller said. Though it will be a \u201ctough slog,\u201d Miller said they will prevail in the end.
\u201cThese guys thought they were going to blitzkrieg their way through the world,\u201d Miller said. \u201cBut we\u2019ve started to see real movement in the last month or two. We are a year and change into this fight. We\u2019re making their life very difficult (in court). My view is there are multiple ends to this, but almost all of the ends end with us winning.\u201d
Dreitzer, whose Board has been successful in state court to stop prediction markets from operating, doesn\u2019t know when the cases will make it to the Supreme Court. The expectation is there will be a split in federal court cases that will become more defined and move it to the high court, he told the audience.
\u201cFrom our perspective, every day that goes by is a day where people violate the laws of states,\u201d Dreitzer said. \u201cThe law is the law. Any time you risk your money for the uncertain outcome of sporting events, but it\u2019s gambling. We\u2019re going to win this. I don’t know when, but it will be a good day.\u201d
Dreitzer said prediction markets constitute a bigger threat than sports wagering: casino-style slots that would create online gaming in 50 states.
\u201cMake no mistake, that’s what it\u2019s all about. They will take these prediction algorithms, put it in a cabinet, and have distributed gaming casinos that are unregulated and untaxed sitting right next to Bellagio on Las Vegas Boulevard,\u201d Dreitzer said. \u201cThey will be sitting in Dallas, Los Angeles, and Hawaii. That\u2019s where this goes.\u201d
Dreitzer said as regulators, they hold the view that they are pro-consumer protection. There\u2019s a reason why there is oversight to prevent 16-year-olds from gambling and that the games are fair. The CFTC oversight has been lax and regulated through social media.
\u201cThings are coming out to show the prediction markets aren\u2019t fair,\u201d Dreitzer said. \u201cThey come to our conferences to tell us it\u2019s not gaming. How insulting is that? This is not for unserious people. Regulation is the backbone of a successful gaming industry in Nevada, the country, and the world. This is an insult on what we do for the good people who want this type of entertainment.\u201d
Buck Wargo<\/strong> brings decades of business and gambling industry journalism experience to CDC Gaming from his home in Las Vegas. If it\u2019s happening in Nevada, he\u2019s got his finger on it. A former journalist with the Los Angeles Times<\/em> and Las Vegas Sun<\/em>, Buck covers gaming, development and real estate.
Please fill out the form to send a message to the CDC Gaming Reports team. Alternatively, you can send an email to the address on the footer of each page.
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© 2026 CDC Gaming<\/em><\/p>\n

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The CEO of the American Gaming Association (AGA) forecasted that the casino industry and states will come out on top in the battle.AGA\u2019s Bill Miller and Nevada Gaming Control Board Chair Mike Dreitzer appeared Tuesday night before business leaders and gaming industry executives at the Economic Club of Las Vegas at Park MGM. Prediction markets […]<\/p>\n","protected":false},"author":1,"featured_media":14577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-14576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-health"},"_links":{"self":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/14576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/comments?post=14576"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/14576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/14577"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=14576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=14576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=14576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}