Nevada is warning gaming licensees about sports event contracts The NGCB considers such prediction market offerings to constitute sports gambling Nevada officials are warning the state’s more than 300 licensed casinos and gaming establishments that aligning with a company that’s engaged in prediction markets offering event contracts involving the outcome of sports is a risk to their ongoing suitability to possess a gaming license. A screengrab of the Polymarket prediction market trading platform. The Nevada Gaming Control Board has warned its licensees to avoid running or partnering with prediction markets that offer event contracts involving sports. (Image: Shutterstock) On Wednesday, the Nevada Gaming Control Board (NGCB) published a notice to licensees informing them that the state gaming regulatory agency considers “sports event contracts” to constitute sports gambling. Entities such as Kalshi, Polymarket, and Robinhood, claiming to operate lawfully under federal regulation via the Commodity Futures Trading Commission (CFTC), should be avoided by all licensees in Nevada. If a Nevada licensee…Read MoreCategory: Commercial Gaming, FanDuel, Kalshi, Nevada, Nevada Gaming Commission, Nevada Gaming Control Board, NGCB, Polymarket, prediction market, regulation, Robinhood, sports betting, sports contract, sports event contractSource: Casino.org