Nevada Targets Prediction Markets | Las Vegas News

Nevada lawmakers are rolling out a bold bipartisan bill to shut down sports betting on prediction markets like Kalshi and Polymarket, arguing these platforms—though technically different—act and look like traditional sportsbooks and should be regulated as such. With these platforms now driving massive betting volumes, especially during global events, they’re seen as direct threats to Nevada’s gaming industry, which funds schools and public services. Backed by labor unions and the American Gaming Association, the bill seeks to ban contracts tied to sports and casino games nationwide, reinforcing state and tribal regulatory authority and closing loopholes created by federal oversight. While prediction market firms claim they’re not gambling since they don’t profit from bettors losing, their sports-focused wagers are under fire. This focused, bipartisan effort could reshape the future of gaming regulation and level the playing field for traditional operators. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a7a5e11e80db54fe