Nevada Gaming Control Board classifies event contracts as wagering
Nevada's Gaming Control Board said on Wednesday that contracts tied to sports, elections and other events count as wagering under state law, including when listed on a CFTC-regulated exchange. Nevada licensees offering them, or entering related partnerships, could face suitability reviews or further discipline; the notice follows similar warnings in Ohio and Michigan.
Nevada gaming licensees face potential disciplinary action if they offer or partner on covered event contracts.