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The Independent UK
The Independent UK
Chris Wilson

MGM CEO thanks Nevada Gaming Commission for action against prediction markets

MGM CEO Bill Hornbuckle thanked the Nevada Gaming Commission for tackling prediction markets in the state - (Getty Images for MGM Resorts International)

The CEO of MGM Resorts International has thanked the Nevada Gaming Commission (NGC) for their actions tackling prediction markets in the state, emphasizing that the medium should face similar rules to those around sports betting.

The state’s regulators were some of the first to take action against prediction markets, having sent a cease-and-desist order to operator Kalshi in March, and eventually earned court victories against both Kalshi and Crypto.com as both companies were denied temporary injunctions.

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