Nevada lawmakers introduce legislation to ban preduction markets in House | Casinos & Gaming
Amodei co-introduced the bill and said it would distinguish sports betting from legitimate financial trading.

SOURCE CHECK
TAP FOR WHYThe Las Vegas Review-Journal is an established regional newspaper with an attributed reporter and original reporting. This article relies heavily on statements from bill supporters and allied organizations, limiting the strength of its sourcing on the disputed policy.
- Track record — Established regional newspaper with a recognizable reporting operation.
- Editorial standards — The outlet is a local-news publisher with an established newsroom.
- Author attribution — A named reporter is credited.
- Source type — Local news is a favorable credibility prior, though the article’s sourcing is narrow.
The article identifies the bill’s sponsors and describes its provisions, while including statements from lawmakers, a union leader and a gaming-industry association. It gives little space to opponents or prediction-market companies, and the CFTC’s position is only briefly described.
HOW WE SCORE ↗The article explains the bill and includes support from lawmakers, labor and the gaming industry, but offers little response from prediction-market companies or other opponents. The CFTC’s asserted position is noted without a fuller account of its reasoning.
- Source diversity — Several supportive voices appear, but there is little source diversity across opposing positions.
- Counterarguments presented — The CFTC’s regulatory position is mentioned, but no prediction-market company or other opponent responds.
- Opinion vs reporting — The article is presented as news, with quotations attributed to their sources.
- Loaded language — Loaded descriptions occur mainly in attributed statements from supporters.
The article is mostly a factual report of the legislation and attributes its strongest claims to supporters. Its favorable quotes are not enough to establish a discernible political lean.
- Language tone — The reporter’s narration is largely neutral.
- Source selection — Most quoted sources support the bill, with little direct opposing perspective.
- Framing — The article frames the issue around the bill and the competing oversight roles described in the report.
- Headline — The headline describes the legislation’s introduction without an overt evaluative claim.
Reps. Steven Horsford and Mark Amodei introduced a bipartisan bill to bar sports- and casino-style prediction contracts on federally registered exchanges. Supporters say it would protect state and tribal gaming authority, consumers and casino jobs while leaving legitimate hedging contracts under federal oversight.
Reps. Steven Horsford and Mark Amodei introduced the Prediction Markets Are Gambling Act to prohibit sports- and casino-style event contracts on federally registered exchanges. The article says the bill would distinguish gambling from legitimate hedging contracts and preserve state and tribal authority over gaming. Horsford argued the measure would protect jobs and consumers and close a federal loophole; Amodei said it would keep legitimate event contracts under the Commodity Futures Trading Commission’s jurisdiction.
The article reports that a Senate companion was introduced in March by Sens. Adam Schiff, John Curtis and Catherine Cortez Masto. Schiff criticized the CFTC’s approach, while union leaders and the American Gaming Association voiced support for the legislation. The article also notes that Nevada gaming regulators have taken prediction-market companies to court, with limited success in preventing their in-state online operations.
Community verdict
18 VOTESPeople in this story
SWIPE →Nevada representative and co-introducer of the House bill
Horsford's version of this story ↗California senator and sponsor of the Senate companion bill
Nevada senator and co-sponsor of the Senate companion bill
Utah senator and co-sponsor of the Senate companion bill
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