Mike Dreitzer, Chair of the Nevada Gaming Control Board (NGCB) and Bill Miller, President and CEO of the American Gaming Association (AGA) spoke on a panel at the Economic Club of Las Vegas – addressing the insider view on Las Vegas and gaming in 2026.
“Prediction markets are aging me more than Covid,” was Dreitzer’s opening statement as the panel settled into its key theme: “Some days feel longer than others, continues Dreitzer, I’ve viewed prediction markets as a three-act play. Act one: We’re going to allow sports predictions. Act two is a five-reel slot powered by predictions and online gaming in all 50 states. Act three is physical games, where you’ll have predictions casinos sitting in Hawaii, Las Vegas, Texas, everywhere.”
During an early May evening in Las Vegas, the sun illuminates the city and rush hour explodes in full swing on the streets outside the Park MGM conference center. Inside the Griffith meeting space, an explosion of different nature took place, as Dreitzer continued on his impassioned tirade against the prediction market phenomenon: “The encroachment here is unacceptable. Everyone in this room and everyone in the country should be worried. This is an insult and an assault on what we do.”
“The law is the law. You can make whatever word salad you want, but it’s gambling. From our perspective, every day that goes by where someone can place a prediction bet is too many days.”
Chiming in to concur on the subject, Bill Miller outlined that in the grand scheme of things, he believes prediction markets will be a mere flash in the pan: “They had their time. They spent all of their money in buying their legitimacy, and we’re making their lives very, very difficult.”
“Ultimately this thing gets netted out in the Supreme Court. There are multiple ends to this, but almost all of the ends result in us winning. As we’re facing what has become an existential threat with prediction markets, it’s been a tough slog. But we’re confident we’re going to come out on top.”
Miller doesn’t pass comment on the members lost by the AGA in favor of prediction markets, however, speaking on Michael Selig, the new Chair of the Commodity and Futures Trading Commission (CFTC), he stated: “This guy is a joke and believes what he’s doing is Uber, while the rest of the country is a taxicab service. He’s a cheerleader for prediction markets and facilitating this surge.”
Comically, Indian Gaming Association Conference Chair Victor Rocha also branded the CFTC Chair 'safe space Selig' at the IGA 2026 conference last month, for only accepting interviews where simple questions are asked.
Speaking on how predictions can be combatted, Miller continued by underlining simply that the AGA will “pay a lot of good lawyers a lot of money.”
Moving more conclusively towards the subject of gaming in the city of Las Vegas, Dreitzer stated: “We can’t take our foot off the gas. We need to have the best gaming experiences in the world because we are no longer the only game in town.
“Never bet against Las Vegas. Never bet against the state of Nevada.”
Conclusively, the pair offered up their individual opinions on what troubles them about the current gambling landscape, with Dreitzer outlining cybersecurity: “We need to do a better job of sharing information to understand threat actors. And anti-money laundering. That is an area which has received an appropriate amount of attention.”
For Miller, the concern lies in the “tension around how states are going to balance their budgets (in the next recession) without coming to us.”
The Nevada Gaming Control Board recently announced that, during March 2026, both Las Vegas Strip and Downtown revenue experience year-over-year revenue rises of 14.4% and 20.8%, respectively
