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Aria has removed a prediction market conference from the Las Vegas resort calendar after MGM Resorts weighed possible licensing concerns tied to Nevada gaming regulators.
Good to Know
Prediction market firms already face a rough Nevada climate, and now that tension has reached the events business. Aria canceled Predict 2026, a conference tied to the prediction market industry, after parent company MGM Resorts reviewed the risk of hosting the event.
The event had been scheduled for Dec. 7 to 9. However, Nevada Gaming Control Board pressure around event contracts and sports prediction products left little room for comfort at a licensed casino property.
An attorney for Aria explained the decision in a letter cited by Barron’s.
“The [Aria] is issuing this notice in light of Nevada’s current regulatory and enforcement position regarding prediction markets,” the attorney wrote.
Nevada officials warned licensed casinos in October about relationships with companies offering sports and other event contracts. Regulators told Barron’s that any Nevada licensee offering or partnering around those products could face suitability questions tied to its gaming license.
“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,” regulators told Barron’s.
That warning gave casino operators a clear reason to tread carefully. Aria, as part of MGM Resorts, sits inside one of the most closely regulated gaming markets in the US.
The cancellation also lands during a wider legal fight over prediction markets. The NGCB sued Polymarket in Nevada state court in January, and a judge later issued a temporary restraining order against the company. Kalshi has also clashed with Nevada regulators in federal court.