Caesars and MGM rule out prediction markets over Nevada licensing risks
By SectorWire desk · · Updated
Summary
Caesars and MGM executives said at the previous week’s Global Gaming Expo that they would avoid prediction markets because of Nevada licensing risks. MGM CEO Bill Hornbuckle and Caesars CEO Tom Reeg cited regulatory warnings and concerns about safeguards against insider trading.
Why it matters
Nevada licensing risks and regulatory warnings are keeping Caesars and MGM out of prediction markets.