Nevada warns that the prediction market may violate gambling regulations; multiple states intensify supervision, leading to legal challenges.

The Nevada Gaming Control Board (NGCB) issued an official warning stating that offering prediction market contracts for sports, elections, or popular culture events constitutes "betting activities" in the state, and licensed institutions may face disciplinary action. NGCB became the third state regu

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Nevada warns that the prediction market may violate gambling regulations; multiple states intensify supervision, leading to legal challenges.

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Pennsylvania gambling regulatory body warns that prediction markets threaten state regulatory systems.

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Michigan joins multiple states in warning sports betting operators to stay away from prediction markets.

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