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Nevada Gaming Control Board warns casinos over venue crimes

Regulation

The Nevada Gaming Control Board and Metropolitan Police Department sent casinos a notice warning that licensees remain responsible for activity at venues on their premises. The Board said persistent problems, including drug offences, violence and underage attendance, could be treated as unsuitable operation and lead to disciplinary action.

Casinos face potential disciplinary action if they fail to address unlawful activity at venues operating on their premises.

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Nevada Gaming Control Board questions CFTC’s prediction market rules

Nevada Gaming Control Board Chairman Mike Dreitzer said he expected the CFTC’s move. The agency proposed defining event contracts as swaps while excluding casino-style gambling, including sportsbook wagers and casino games. Dreitzer said sports event contracts and online sportsbook bets are the same, while Kalshi filed for a rehearing after losing a unanimous ruling against Ohio and Tennessee regulators.

Nevada's chief gaming regulator said he expected the Commodity Futures Trading Commission to push ahead with its prediction-market overhaul. Mike Dreitzer, who chairs the Nevada Gaming Control Board, told the Indian Gaming Association's weekly webinar on Wednesday that the agency has been acting in concert with designated contract markets. He called the line the CFTC draws between event contracts and sportsbook wagers "an untenable distinction without a difference." The commission released two proposals late last Friday, one of which would classify event contracts as swaps under federal law and bar traditional gambling.

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