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In some ways, it’s nonetheless early within the recreation between the authorized sports activities betting business and prediction markets, that are in search of a bit of the motion. This contest may final effectively into 2026.
Polymarket has been blocked from providing sports activities prediction contracts in Nevada, together with Sunday’s Super Bowl LX, after a Carson City choose agreed to a brief restraining order sought by the Nevada Gaming Control Board.
District Judge Jason Woodbury agreed final week with a request from the regulatory company, which filed a civil enforcement case on Jan. 16 towards Blockratize, the platform supplier to Polymarket. The ruling was first reported by Front Office Sports.
“The record at this early stage in proceedings indicates Polymarket offers ‘event-based contracts’ that relate to sporting and other events, including college basketball games, college and professional football games and elections,” Woodbury wrote on Jan. 29.
The choose added that Polymarket will not be licensed to supply sports activities betting in Nevada.
Prediction markets — that are overseen by a federal commodity-focused regulatory panel — attain into all 50 states, permitting folks to wager on the outcomes of occasions starting from leisure, politics, popular culture, monetary markets and even the climate within the type of “yes” and “no” contracts.
Polymarket didn’t reply to a request for remark.
Meanwhile, the management board filed an identical lawsuit in the identical Carson City courtroom against Coinbase, in search of a preliminary injunction to cease the prediction market from providing unlicensed sports activities wagering in violation of state legislation.
The lawsuits marked an escalation of Nevada’s earlier authorized technique — gaming regulators have authorized motion pending towards two different prediction markets, Kalshi and Crypto.com, by way of cease-and-desist letters. Chairman Mike Dreitzer declined to remark past a statement.
In November, a federal choose ordered Kalshi to cease providing sports activities contracts in Nevada after ruling in favor of gaming regulators who filed the cease-and-desist order. The determination is being appealed.
Robinhood, one other prediction market in a authorized tussle with Nevada, agreed to cease providing sports activities occasion contracts within the Silver State pending additional authorized proceedings.
In December, Florida-based gaming lawyer Daniel Wallach urged states to take the fight to prediction markets by suing first. “States are making a mistake by using cease-and-desist letters to give companies like Kalshi advance warning.”
Nevada is one among practically two dozen states and tribal gaming authorities which have filed federal lawsuits in search of to dam prediction markets from providing sports activities wagering contracts (the time period firms use to explain the enterprise) of their jurisdictions.
The Nevada ban on Polymarket covers 14 days, which can embody this weekend’s Super Bowl between the Seattle Seahawks and the New England Patriots.
Last week, the American Gaming Association predicted greater than $1.76 billion could be wagered legally on the Super Bowl. Sports betting is authorized in 40 states and Washington, D.C. In 2025, Nevada sportsbooks gained a document $22.1 million on the Super Bowl after taking in $151.6 million in wagers.
The AGA additionally launched findings of a survey exhibiting that prediction markets are complicated customers by selling sports activities betting as an funding quite than leisure.
The research discovered that 78 p.c of prediction market customers consider their particular person state regulators may help in resolving disputes over occasion contracts.
MGM CEO touts Vegas’ future now that 2025 is within the books
MGM Resorts International CEO Bill Hornbuckle supplied the viewers at Preview Las Vegas 2026 a four-word message about the way forward for the Strip: “Vegas is not dead.”
A number of days earlier than Friday’s Vegas Chamber-sponsored occasion, the Strip’s last tourism figures for 2025 didn’t paint a rosy portrait of Las Vegas’ financial well being. Annual gaming income of $8.8 billion was flat in comparison with 2024. Las Vegas visitation fell 7.5 p.c, airline passenger quantity was down 6 p.c and resort occupancy was off 3 p.c.
“I read the headlines. The idea that we’re dead, or even the notion of it, and with all the rhetoric on social [media]. Stop. We are in great shape. We have a great future,” Hornbuckle stated.
The excellent news? Hornbuckle stated MGM, which operates 9 Strip resorts, has already booked a document variety of conventions and conferences over the following 16 months. He prompt the corporate is a pattern predictor for Las Vegas.
Las Vegas Convention and Visitors Authority CEO Steve Hill echoed these remarks in a media briefing following the dialogue that included Boyd Gaming CEO Keith Smith.
“When we go through a little bit of a slowdown, we know that hurts everybody, and so we are doubly committed to overcoming that,” Hill stated. “The future in Las Vegas always looks bright. We remain a category of one. We remain the easiest product in the world to sell.”
However, one twice-a-year Las Vegas customer from California emailed me to say the Strip stays overpriced.
“Vegas has gotten so incredibly expensive for everything. Resort fees, room service delivery fees, and every other fee that they can possibly take from people,” Neal Wild wrote. “Everything is crazy expensive. It is very obvious that corporate greed is in full force in Las Vegas.”
Hill stated resort charges are clear and a part of the value when somebody books a room.
“You can go today and find a room in this city where the price of the room, including the resort fee, is less than $100 for the day,” Hill stated. “That is real value, no matter how that bill is divided up.”
Remember Echelon? Boyd’s CEO says killing the undertaking saved the corporate
Keith Smith’s first main determination as Boyd Gaming’s CEO has been credited by business consultants with saving the corporate.
In 2008, with the Great Recession bearing down on Las Vegas, Smith determined to drag the plug on Echelon, a deliberate $4.8 billion Strip resort.
It was each a simple determination and the toughest Smith has made previously 18 years.
“We were less than half the size of the company we are today,” Smith stated of the corporate that now owns or manages 29 casinos in 10 states, together with 10 within the Las Vegas space. “[Echelon] was simply not a project that defines who we are as a company.”
Smith, who has been with Boyd in a company capability since 1990, was requested throughout Preview Las Vegas 2026 what his hardest determination as CEO was.
Echelon was below development for practically two years when Boyd, after already investing roughly $1 billion into the undertaking, determined to halt work for no less than just a few quarters.
“We were watching the economy unravel very quickly,” Smith stated. After a number of quarters of a failing economic system, “we chose to shut the project and simply not move forward.”
Smith admitted there was preliminary criticism for not transferring ahead with Echelon. But two years later, those self same critics “said it was the best decision we ever made.”
Boyd sold the 87-acre site in 2013 to Malaysia-based Genting Corp. for $500 million. It took one other eight years for Genting to construct the $4.3 billion Resorts World Las Vegas, which opened in 2021.
💲 Super Bowl host California bans sports betting, but prediction markets found a loophole — A.J. Perez, Los Angeles Times
State lawmakers, tribes and the NFL oppose the prediction markets.
💸 New Sports Betting Alliance president has long warned about disruptions to gaming industry — Rege Behe, CDC Gaming
Joe Maloney has lengthy warned about unlawful gaming markets and their impact on present authorized jurisdictions.
🎰 IGT plans nationwide celebration for 3 a long time of ‘Wheel of Fortune’
IGT is celebrating the thirtieth anniversary of the launch of the “Wheel of Fortune” slot machine with a number of months of nationwide promotions, together with a collaboration with the syndicated namesake tv recreation present. IGT plans to launch new “Wheel of Fortune” merchandise, host occasions at casinos all through the U.S., and promote contests on social media platforms. An extra aspect is a partnership with Carnival Cruise Line, the place chosen U.S. casinos can reward gamers with eight-day cruises the place vacationers will compete in a slot event with a $1 million prize pool. New IGT CEO Hector Fernandez hinted on the promotion in an interview with The Nevada Independent final month.
🍻 Nevada’s No. 2 slot route operator names new CEO
Accel Entertainment, Nevada’s No. 2 slot machine route operator, has named Mark Phelan as CEO. He replaces Andy Rubenstein, founding father of the Illinois-based firm, who was named chairman. The adjustments took impact Monday. Accel, which operates greater than 28,000 slot machines for 4,600 places in 10 states, expanded its Nevada route operations in December when it acquired Dynasty Games, a small Northern Nevada enterprise with 20 places in six communities, for an undisclosed worth. Before the transaction, Accel had 370 Nevada places overlaying 2,757 slot machines.
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