Nevada sportsbooks report $249m wagering decline as executives cite prediction markets
Nevada sportsbooks handled about $249 million less in wagers in the first five months of 2026 than in the same period of 2025, according to state wagering reports. At a Nevada Gaming Control Board meeting, sportsbook executives said prediction markets may be diverting customers, although Joe Asher said the effect could not be measured precisely; Kalshi maintains it operates lawfully under federal oversight.
The reported decline and competing claims put the impact of prediction markets on regulated sportsbook volumes under scrutiny.