Prediction Markets Weren't at G2E, But They Still Dominated the Discussion
G2E, the annual gathering that takes place in Las Vegas typically centers on the newest casino games showcased on the tradeshow floor inside the Venetian Expo. But not in 2025. Scroll down for all the top stories from the world of gambling and the current trending articles at Gambling911.com.
Howard Stutz of the Daily Indy observed that the effect Kalshi and other similar businesses are having on state and tribal-regulated sports betting operations drew the bulk of the G2E audience’s attention.
American Gaming Association (AGA) CEO Bill Miller delivered the keynote address.
Miller highlighted state and tribal gaming operations as a system “founded on a regulatory approach that upholds the public interest and looks out for consumers while giving companies the license to operate, innovate and grow.
“The free riders?” he said, referring to prediction markets. “They thumb their nose at this approach to gaming.”
Those remarks rang shallow as others, like Sara Slane, offered her own assessment as to why the Commodity Futures Trading Commission (CFTC) can better regulate sports contracts.
“The federal government is significantly better equipped to regulate financial markets than 50 separate slot machine regulators, which do not have the capacity, expertise, or legal jurisdiction to regulate futures.”
Slane began her career in the gambling industry as vice president of regional government affairs for MGM Resorts before joining the AGA. She later started a consultancy firm and took on Kalshi as a client in February before joining the company in April.
From The Daily Indy:
Multiple cases are winding their way through the federal judicial process, with experts predicting that a legal remedy might not be in place until sometime in 2026.
Jefferies Equity Research analyst David Katz wrote in a Thursday research note that ongoing concern about prediction markets could be the catalyst for state gaming authorities to draft new regulations.
“While legal processes are likely longer-term, operators, states, leagues and tribes are likely to drive regulatory solutions,” Katz wrote.
G2E organizers knew heading into the tradeshow and conference they couldn’t ignore prediction markets, which allow people to wager on the outcomes of events ranging from entertainment, politics, pop culture, financial markets and even the weather in the form of “yes” and “no” contracts.
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