Prediction market conference blames Nevada regulators for venue move

Predict 2026 has attributed its decision to shift a conference from Las Vegas to New York to pressure from the Nevada Gaming Control Board. The regulator has firmly denied any such intervention. The dispute highlights ongoing tensions between prediction markets and state gaming authorities.

Predict 2026 organizers said regulatory pressure from the Nevada Gaming Control Board prompted them to relocate the event away from Las Vegas. They cited concerns over hosting at the ARIA Resort & Casino. The move came amid broader legal challenges facing prediction market platforms in the state.

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Illustration of Minnesota capitol and federal clash over prediction markets
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Minnesota’s push to curb prediction markets runs into a federal preemption fight

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Minnesota lawmakers have advanced legislation aimed at restricting prediction markets such as Kalshi and Polymarket, setting up a clash with the Commodity Futures Trading Commission, which argues federal law gives it exclusive authority over many of those products.

Hong Kong's government has suspended its plan to launch legal basketball betting, citing the rise of prediction markets. Home and Youth Affairs Minister Alice Mak Mei-kuen said the decision considers local circumstances and evolving external conditions to protect public interest. Former lawmaker Doreen Kong Yuk-foon called for predicting technological influences in future policy papers.

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Venture capital firm a16z has filed an 18-page letter backing the Commodity Futures Trading Commission in its disputes with states over prediction markets. The firm argues that federal law preempts state regulations on platforms like Kalshi and Polymarket. It claims state crackdowns undermine the CFTC's mandate for impartial market access.

A new report from Bitget Wallet and Polymarket shows prediction markets shifting from occasional bets to platforms with daily retail engagement. Trading volumes on Polymarket have surged to over $20 billion monthly in early 2026. The industry is projected to reach $240 billion this year.

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The Commodity Futures Trading Commission issued its initial proposed rulemaking on prediction markets Wednesday. The rules aim to clarify which event contracts qualify as being in the public interest under federal law.

Spain’s gambling regulator has ordered internet providers to block access to prediction market platforms Polymarket and Kalshi. The move targets unlicensed betting products tied to future events. Proceedings against the companies are expected to last three to four months.

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The Commodity Futures Trading Commission has issued a no-action letter providing regulatory relief to prediction market operators. The measure eases compliance with swap data reporting rules for fully collateralized event contracts.

 

 

 

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