{"id":7718,"date":"2026-04-08T22:47:51","date_gmt":"2026-04-08T22:47:51","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/04\/08\/iga-nevada-regulator-addresses-prediction-markets-in-deep-detail-cdc-gaming\/"},"modified":"2026-04-08T22:47:51","modified_gmt":"2026-04-08T22:47:51","slug":"iga-nevada-regulator-addresses-prediction-markets-in-deep-detail-cdc-gaming","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/04\/08\/iga-nevada-regulator-addresses-prediction-markets-in-deep-detail-cdc-gaming\/","title":{"rendered":"IGA: Nevada regulator addresses prediction markets in deep detail – CDC Gaming"},"content":{"rendered":"

The chair of the Nevada Gaming Control Board said tribes and states must stick together to fight an \u201cexistential threat\u201d posed by sports betting prediction platforms.
Mike Dreitzer gave some of his most detailed comments about the latest saga over prediction markets since he spoke to Nevada gaming attorneys in December. He appeared last week at the Indian Gaming Association conference in San Diego.
\u201cThis is not right. It\u2019s a workaround supported by private equity and it undermines every single thing we all know and believe in about the importance and safety of our industry,\u201d Dreitzer said.
Nevada obtained restraining orders against Kalshi<\/a> and others to keep them from operating in the state.
Dreitzer emphasized the importance of states and tribes sticking together in their fight against prediction markets, calling it a jurisdiction-by-jurisdiction issue and not simply a tribal and commercial casino matter. He said he\u2019s amazed how gaming interest and non-gaming states like Utah have joined to fight this battle.
\u201cIt\u2019s a gaming issue all over the United States and, frankly, as we\u2019ve seen in some of the more recent news, all over the world,\u201d Dreitzer said. \u201cIt\u2019s very real, and there are very specific instances. You\u2019ll see the potential for prediction-type slot machines and casino equipment<\/a>. That\u2019s quite possible. With Class II gaming, you have bingo and people with great ingenuity said, \u2018Why don\u2019t we offer it in a cabinet with an entertaining display?\u2019 There\u2019s something about our industry with respect to ingenuity and working on the cutting edge. That\u2019s great. Sometimes it makes sense and sometimes, where there\u2019s already established law, it doesn\u2019t.\u201d
Dreitzer also cited historic horse racing that also looks like a slot machine.
\u201cIn Spain at the ICE conference, I saw a five-reel video slot machine that was based on prediction outcomes. Potentially, the next thing that will come is online gaming in all 50 states.\u201d
Dreitzer also discussed prediction lounges, where they could install prediction-based slot machines that aren\u2019t taxed. Polymarket opened a pop-up lounge in Washington, D.C., near the White House in March to showcase prediction markets.
\u201cMake no mistake. The stakes here are extraordinarily high. It strikes to the heart of fair gaming for all that provides economic opportunity, tax revenue base, and tried-and-true safe entertainment. All of those things are in danger as a result of what\u2019s happening. We can\u2019t abide any sort of letting up. We can\u2019t abide by any sort of permission and say you can do it and we\u2019ll see what happens. Nevada stands with states and tribes that have been great in this fight. It\u2019s heartening to see the industry unify as much as it has.\u201d
Dreitzer joked that he was letting people in on a \u201clittle secret\u201d: If someone risks money on the outcome of a sporting event, that\u2019s gambling. Prediction markets have argued they\u2019re authorized under the Commodity Futures Trading Commission and that the actions are swaps.
\u201cNevada doesn\u2019t stand against prediction markets,\u201d Dreitzer said. \u201cWe\u2019re for prediction markets under the correct circumstances and for any type of innovation. Nevada has done a lot in the last six months around accepting new technology and innovation. This matter is to be left to the states and to the tribes. That will work its way through the courts.\u201d
Dreitzer insisted that prediction markets don\u2019t fully understand who their customers are, how old they are, and what their address is. There aren\u2019t any clear protections and requirements around problem gambling and anti-money-laundering reviews are non-existent. Bettors also lack redress if they have a problem with their prediction contract and there are no controls over insider betting.
\u201cAll of these things matter. The reality is proper regulation is difficult, but necessary to make sure people engage in gaming \u2014 whatever format in your jurisdiction \u2014 in a fair way without any compromises across the issues we referenced.\u201d
There are instances of underage people using prediction products, insider betting, and criminal elements laundering money, Dreitzer said.
\u201cIf you have a company that wants to engage in prediction-type products, Nevada would welcome a presentation and potential participation, but it has to be done in accordance with the regulations. You have to pursue licensing just like everybody else, no more or no less. This end around is why we are here.\u201d
Dreitzer said any notion that this is peer-to-peer betting, with prediction markets not serving as the house like a sportsbook, isn\u2019t believable. He asked who was sitting on the other side of a six-team parlay on a Wednesday afternoon, except for maybe an affiliate of the operator.
Over the last several months when Nevada gave its opinion about licensed companies engaging in prediction markets in other states, Dreitzer pointed out that Nevada has strong foreign gaming laws and looks carefully at what licensees do in other states to prevent licensed operators from participating there.
\u201cWe said we were looking not only at illegal gambling, which this is, in other states, but we also looked at tribal compact rights,\u201d Dreitzer said. \u201cActions that were in violation of tribal compact rights we also looked at when it came to suitability in Nevada. We view those on par with state laws.\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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source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The chair of the Nevada Gaming Control Board said tribes and states must stick together to fight an \u201cexistential threat\u201d posed by sports betting prediction platforms.Mike Dreitzer gave some of his most detailed comments about the latest saga over prediction markets since he spoke to Nevada gaming attorneys in December. He appeared last week at […]<\/p>\n","protected":false},"author":1,"featured_media":7719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-7718","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\/7718","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=7718"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/7718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/7719"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=7718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=7718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=7718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}