{
  "id": 10915149,
  "title": "MGM Declines Prediction Markets as Casino Chiefs Flag License Risks",
  "url": "https://urgent.news/2026/09/30/mgm-declines-prediction-markets-as-casino-chiefs-flag-license-risks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T06:11:46.000Z",
  "source": {
    "name": "ReadWrite",
    "slug": "readwrite",
    "url": "https://readwrite.com/prediction-markets-mgm-license-risks/"
  },
  "original_language": "en",
  "account": "Three casino executives from MGM Resorts International, Wynn Resorts, and Caesars Entertainment criticized the rise of prediction markets during a G2E main-stage discussion. The debate also addressed Las Vegas's evolving customer behaviors and increasing operational expenses. Caesars Entertainment's Tom Reeg expressed concerns about the lack of oversight, warning that issues in prediction markets could tarnish the reputations of both regulated operators and prediction platforms. MGM Resorts' Bill Hornbuckle stated that his company declined to enter the prediction market sector due to potential risks to its gaming licenses in Nevada, Japan, and Macau, as well as the company's principles against allowing 18-year-olds to participate. MGM Resorts' Craig Billings mentioned that while Wynn does not take a political stance on prediction markets, the sector's growth could indirectly impact Las Vegas if the company were to enter the market. American Gaming Association President and CEO, Bill Miller, framed the discussion as a defense of the legal gaming industry's economic contributions, emphasizing that legal gaming supports 1.8 million jobs, generates $53 billion in taxes, and contributes $329 billion in economic growth. He contrasted this with the \"back door\" approach of prediction markets, which allegedly bypass state laws, regulators, tribal sovereignty, and tax structures, often allowing users aged 18 to 21 to participate.",
  "summary": "MGM declined to enter prediction markets as casino executives warned of licensing, regulatory and customer-cost risks for operators at G2E. The post MGM Declines Prediction Markets as Casino Chiefs Flag License Risks appeared first on ReadWrite .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}