Polymarket is now the subject of a direct legal action in Nevada, as the state’s gaming regulator seeks to halt the platform’s offering of sports-event contracts inside the state. The case asks a Carson City court to declare the activity unlawful under Nevada’s wagering laws and to order Polymarket to stop offering the products without a license. The civil enforcement action marks a significant escalation in efforts by state authorities to scrutinize prediction market operators as they expand in the United States. […]

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In a rare move, the Nevada Gaming Commission revoked the gaming license of former MGM Grand and Resorts World Las Vegas executive Scott Sibella, concluding a highly publicized investigation into his role in compliance failures. Sibella, 62, faced allegations tied to illegal bookmaker activity and the mishandling of suspicious transactions during his tenure as president and chief operating officer at MGM Grand. Gaming license revoked over compliance failures: On Thursday, the commission voted 3-0 in favor of the license revocation, with Commissioner Abbi Silver recusing herself due to a personal connection […]

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