Nevada congressmen reportedly introduced the Prediction Markets are Gambling Act on 24 July. The proposal would bar exchanges from listing sports or casino-style contracts; its sponsors said it would protect the integrity of Nevada's regulated gambling sector.
If enacted, the proposal would prevent exchanges from offering sports and casino-style contracts in its scope.
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Nevada’s Gaming Control Board chairman Mike Dreitzer said the state prohibits prediction markets covering sports, entertainment and politics and is litigating to defend that position. He said Nevada would consider predictive products if the people and companies offering them were licensed.
The operators of The Venetian Resort Las Vegas agreed to a proposed $7.2m settlement with Nevada gaming regulators over alleged anti-money laundering failures involving Mathew Bowyer, the report said. The agreement requires Nevada Gaming Commission approval at its August meeting. The complaint concerns activity from 2019 to 2021, before Apollo Global Management acquired the property’s operations in 2022.
Utah Attorney General Derek Brown warned that offering sports wagers through prediction markets remains illegal. The report said Kalshi has appealed an August federal court ruling favouring Utah, arguing that federal oversight covers its markets. DraftKings, FanDuel and PrizePicks also remain available to Utah users, according to the report.
Utah Attorney General Derek Brown has warned that sports betting and prediction markets remain illegal in the state, even as DraftKings, FanDuel, PrizePicks and Kalshi continue to operate there. Brown told The Salt Lake Tribune that "sports betting marketed as a prediction market or anything else is still sports betting. And it is still illegal."
Wyoming’s Select Committee on Gaming unanimously sponsored draft legislation to ban online sweepstakes games and make their operation a felony. The proposal seeks to clarify which state body handles complaints; representatives for Bally’s and VGW challenged aspects of the draft, while the Wyoming Gaming Commission said the current referral process creates a recurring cycle.
Pennsylvania lawmakers have issued matching memoranda proposing a framework to keep skill game machines operating. The outlet said businesses must remove the machines by 13 October 2026, but attributed the underlying ruling to Virginia’s Supreme Court.
Lawmakers in Pennsylvania have released two matching co-sponsorship memoranda, House Memo 49310 and Senate Memo 49312, proposing a regulatory framework to keep skill game machines in operation, according to the memoranda. The proposals come ahead of a removal deadline of 13 October 2026 for businesses hosting the machines.