MGM and Caesars avoid prediction markets over US casino licence concerns
By SectorWire desk ·
Summary
MGM Resorts MGM · USD 28.60 2026-10-16 Data and Caesars Entertainment CZR · USD 28.80 2026-10-16 Data are staying outside prediction markets because of potential risks to their casino licences on 30 September 2026. MGM CEO Bill Hornbuckle said Nevada regulators warned participation could affect licensing, while Caesars CEO Tom Reeg indicated entry depended on protecting existing licences.
Why it matters
Casino licensing concerns constrain MGM and Caesars while sportsbook competitors expand into prediction markets.