The chair of the Nevada Gaming Control Board, joined by his counterpart from Louisiana, has urged the gaming industry to take a stronger stand against the rapid rise of sports event prediction markets, warning that they are bypassing established state regulatory systems.
“We Have to Look It in the Eye”
Speaking at the International Conference on Gambling and Risk Taking at the Bellagio in Las Vegas, Mike Dreitzer delivered a powerful message to industry leaders amid intensifying debate over platforms that let users trade on sports outcomes while operating outside traditional gambling frameworks.
“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.”…