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Unite Here backs Senate bill targeting prediction-market gambling

Regulation

Unite Here President Gwen Mills endorsed S. 4160, the Prediction Markets Are Gambling Act, in a 4 June statement. She said prediction markets threaten casino workers and urged the Senate to act as it considers the CLARITY Act.

The endorsement adds labour-sector support for proposed limits on prediction-market sports betting and igaming.

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Regulation

Nevada Gaming Control Board chair says no plan B if Supreme Court backs prediction markets

Nevada Gaming Control Board Chairman Mike Dreitzer said on a podcast that prediction market operators such as Kalshi are running illegal sportsbooks, and that Nevada has no fallback plan if the Supreme Court sides with them. He urged tribes and licensees to hold firm, even though several tribes have partnered with Kalshi this month. The comments followed a CFTC interim rule of 9 October excluding casino-style gambling products from the definition of a swap, alongside a proposed rule covering event contracts.

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