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Nevada Targets Sports Betting Loopholes | Reno News
Nevada lawmakers are pushing a bold new bill to shut down sports betting platforms disguised as financial products, arguing they’re essentially illegal sportsbooks evading federal oversight. The “Prediction Markets are Gambling Act” aims to force the CFTC to focus on real financial markets, while ensuring sports betting falls under state and tribal gaming laws — closing a loophole that lets these platforms dodge licensing, taxes, and consumer protections. With bipartisan support in both chambers, the legislation seeks to draw a clear legal line: gambling stays gambling, and the right…
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