The chair of the Nevada Gaming Control Board, joined by the same chair in Louisiana, made an impassioned plea calling on gaming leaders to rally against sports betting prediction markets.
Mike Dreitzer spoke to those leaders in the industry at the International Conference on Gambling & Risk Taking at Bellagio in Las Vegas. The conference featured a lot of discussion about prediction market operators like Kashi and others that have proliferated across the country in the past year and bypassed state regulations, while battling states and tribes in court.
“As an industry, we have to stand for things,” Dreitzer said. “We have to have standards. That’s not regulatory capture and overregulation. When this wholesale creation comes about, where all of a sudden we have an end run that allows for sports betting in 50 states, we have to stand up to it. We have to look it in the eye and say this is sports betting. It’s wrong for you to do that.”…