Fertitta counsel questions Texas legalisation prospects and predicts state oversight
By SectorWire desk ·
Summary
Fertitta Entertainment general counsel and executive vice-president Steven Scheinthal doubted Texas would legalise gambling soon. Speaking to Nevada regulators, he predicted the Supreme Court would prevent prediction markets from operating beyond state regulation.
Why it matters
Scheinthal’s comments express doubts about Texas expansion and expectations of state control over prediction markets.