The battle over sports prediction markets extends far beyond sports betting, a top gaming regulator warned last week, arguing that federally regulated event contracts could ultimately open the door to nationwide online casino gaming and slot machine-style products outside traditional state gaming oversight.
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Nevada Gaming Control Board chairman Mike Dreitzer said last week that the rapid growth of prediction markets’ sports event contracts is the opening chapter of a broader effort that, if left unchecked, could fundamentally reshape the relationship between federal regulators and state gaming authorities.
“If you don’t think the next step is going to be online gaming in all 50 states, you’re wrong, because they’re coming,” Dreitzer said.
