Nevada regulators push back after prediction market conference blames them for move

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Nevada regulators push back after prediction market conference blames them for move Spokesperson for regulator denies that it put pressure on ARIA Resort & Casino for hosting Predict 2026 What to know: - Predict 2026 has said it moved its conference from Las Vegas to New York because of regulatory pressure from the Nevada Gaming Control Board, a claim the regulator disputes. - A spokesperson for the Nevada Gaming Control Board said it did not pressure any licensee or venue to cancel or decline to host events and emphasized that gaming licensees must follow all laws and avoid bringing discredit to the state or industry. - Nevada remains in a broader legal battle with prediction markets, including an April ruling that Kalshi’s markets were indistinguishable from gambling and extending the platform’s in-state ban. Predict 2026 says it moved to New York from Las Vegas because of "regulatory pressure" from the Nevada Gaming Control Board. A spokesperson for the regulator says otherwise. "The Nevada Gaming Control Board did not direct, request, or otherwise pressure any licensee or venue to cancel or decline to host any recent or upcoming event or conference, as has been suggested," a spokesperson told CoinDesk. Earlier this month, the Prediction Conference, which featured some top traders from Polymarket, took place in Las Vegas – but at a hotel without a casino. "We had a successful event last month that was attended by several stakeholders and will be hosting a second edition in November again in Las Vegas," its founder, Ish Milly, told CoinDesk. "Our venue is off the strip and not in a casino." A spokesperson for the Nevada gaming regulator also told CoinDesk that "Gaming licensees are expected to adhere to all federal, state, and local statutes and ordinances and prevent any occurrences that may bring discredit to the state or the gaming industry.” Nevada is one of the states that is locked in a legal battle with the prediction market industry. In April, a judge in the state ruled that Kalshi's prediction markets were "indistinguishable" from gambling and ordered an in-state ban on the platform to be extended. Recently, Michael Selig, chair of the Commodity Futures Trading Commission, told Axios that sports betting and prediction markets are "two separate things." Selig also said that the CFTC is working with major sports leagues on market surveillance and other market integrity measures. More For You Warsh’s confirmation to the Fed board positions the crypto-linked investor to replace Jerome Powell as chair amid inflation and digital asset policy debates. What to know: - The Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors in a 51-45 vote, with Sen. John Fetterman of Pennsylvania the only Democrat backing him. - Warsh, 56, faces a separate Senate vote to become Fed chair as Jerome Powell’s eight-year term ends Friday, though Powell plans to remain...

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