Nevada Gaming Control Board warns licensees over event contracts
The Nevada Gaming Control Board said sports and certain other event contracts constitute wagering under state law, whether offered through a CFTC-regulated exchange or elsewhere. Chair Mike Dreitzer’s notice said Nevada offerings require a non-restricted gaming licence with sports-pool approval, and that related activity could affect a licensee’s suitability.
Nevada licensees face potential licensing consequences if they offer or partner on event contracts that the Board considers wagering.