The Louisiana Gaming Control Board says sports event contracts amount to sports wagering under state law and require a state licence. In an advisory to licensees, board chair Christopher Hebert warned that direct or indirect involvement could affect their suitability for licensing or permits.
Louisiana licensees face a stated risk to their suitability if they facilitate sports event contracts without authorisation.
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A California resident sued DraftKings over its prediction products. The Massachusetts-filed complaint alleges the products are sports betting presented as event-contract trading, following their integration into DraftKings’ main app.
Nevada Gaming Control Board chair Mike Dreitzer and Louisiana regulator Christopher Hebert urged the gaming industry to oppose sports prediction markets at a conference in Las Vegas. Dreitzer said such platforms bypass state gambling rules, while both regulators cited consumer protection and oversight concerns.
Washington’s Gambling Commission said event-based contracts are not authorised in the state, while Louisiana’s Gaming Control Board warned licensed betting companies against involvement in sporting event contracts. Louisiana’s advisory said participation could affect a regulated party’s suitability for a licence or permit. Washington said it would monitor ongoing litigation and indicated it was not taking legal action at that stage.
Nevada’s Gaming Control Board reported that Las Vegas Strip gaming revenue rose 19.4% year on year to $397.1 million in May. Strip baccarat win increased 58.6% to $174.3 million, while slot win rose 7.8% to $410.8 million; analyst Barry Jonas said stronger gaming results and a 2% rise in May visitation had improved sentiment.
The Pennsylvania Gaming Control Board reported $625.5 million in regulated gaming revenue for May 2026, up 3.93% year on year and a record for the state. Tax revenue was about $269.9 million. Online casino revenue reached $254.8 million, while sports betting revenue fell 11.4% to $52.6 million.