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

2 days ago

Spokesperson for regulator denies that it enactment unit connected ARIA Resort & Casino for hosting Predict 2026

Updated May 13, 2026, 6:05 a.m. Published May 13, 2026, 4:04 a.m. 2 min read

Predict 2026 says it moved to New York from Las Vegas due to the fact that 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, oregon different unit immoderate licensee oregon venue to cancel oregon diminution to big immoderate caller oregon upcoming lawsuit oregon conference, arsenic has been suggested," a spokesperson told CoinDesk.

Earlier this month, the Prediction Conference, which featured immoderate apical traders from Polymarket, took spot successful Las Vegas – but astatine a edifice without a casino.

"We had a palmy lawsuit past period that was attended by respective stakeholders and volition beryllium hosting a 2nd variation successful November again successful Las Vegas," its founder, Ish Milly, told CoinDesk. "Our venue is disconnected the portion and not successful a casino."

A spokesperson for the Nevada gaming regulator besides told CoinDesk that "Gaming licensees are expected to adhere to each federal, state, and section statutes and ordinances and forestall immoderate occurrences that whitethorn bring discredit to the authorities oregon the gaming industry.”

Nevada is 1 of the states that is locked successful a ineligible conflict with the prediction marketplace industry.

In April, a judge successful the state ruled that Kalshi's prediction markets were "indistinguishable" from gambling and ordered an in-state prohibition connected the level to beryllium extended.

Recently, Michael Selig, seat of the Commodity Futures Trading Commission, told Axios that sports betting and prediction markets are "two abstracted things." Selig also said that the CFTC is moving with large sports leagues connected marketplace surveillance and different marketplace integrity measures.

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