Caesars Digital president says prediction markets may spur igaming laws
Caesars Digital president Eric Hession said prediction markets could encourage states to legalise and tax igaming if gambling revenue shifts to untaxed markets. Speaking at a Nevada Society of Certified Public Accountants discussion, he also cited higher sports betting taxes as a risk and said Caesars’ focus remained the United States and Canada.
Hession’s comments signal how Caesars views prediction markets as a possible influence on state igaming policy and taxation.