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Aria Scraps Prediction Market Conference Scheduled for Las Vegas

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Aria Scraps Prediction Market Conference Scheduled for Las Vegas

(AsiaGameHub) –   Aria has removed a prediction market conference from its Las Vegas resort schedule following concerns raised by MGM Resorts regarding potential licensing issues with Nevada gaming regulators.


Key Details

  • Predict 2026 was scheduled to take place at Aria from December 7th to 9th.
  • MGM Resorts expressed apprehension about potential complications with the Nevada Gaming Control Board.
  • Nevada regulators have previously taken action against Polymarket and engaged in legal battles with Kalshi.

Aria Removes Predict 2026 From Its Las Vegas Event Calendar

The prediction market industry is already facing a challenging environment in Nevada, and this tension has now extended to the events sector. Aria has canceled Predict 2026, a conference focused on the prediction market industry, after its parent company, MGM Resorts, assessed the risks associated with hosting the event.

The conference was originally slated for December 7th to 9th. However, pressure from the Nevada Gaming Control Board concerning event contracts and sports prediction products created an untenable situation for a licensed casino property.

An attorney representing Aria detailed the decision in a letter obtained by Barron’s.

“The [Aria] is issuing this notice in light of Nevada’s current regulatory and enforcement position regarding prediction markets,” the attorney stated.

In October, Nevada officials issued a warning to licensed casinos regarding their associations with companies that offer sports and other event contracts. Regulators informed Barron’s that any Nevada licensee involved with or partnering on such products could face scrutiny regarding their gaming license suitability.

“If a Nevada licensee chooses to offer sports and other event contracts in Nevada or decides to partner with other entities offering sports and other event contracts in the state, the board will consider these developments as it evaluates the suitability of the entity to maintain a Nevada gaming license,” the regulators communicated to Barron’s.

This warning provided casino operators with a clear incentive to proceed with caution. As a subsidiary of MGM Resorts, Aria operates within one of the most stringently regulated gaming markets in the United States.

The cancellation also occurs amidst broader legal disputes involving prediction markets. The NGCB initiated a lawsuit against Polymarket in Nevada state court in January, leading to a temporary restraining order against the company. Kalshi has also encountered legal opposition from Nevada regulators in federal court.

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