Prediction Market Crackdown Hits Vegas Casinos

NGCB pressure forces Aria to cancel prediction market conference despite regulator saying conferences allowed; MGM moves event to NYC. Kalshi/Polymarket lose Ninth Circuit bid, ongoing injunction hearing. Rep. Dina Titus pushes federal legislation to classify prediction markets as unlicensed sports betting, and proposes tax reforms (slot threshold, excise tax repeal) that could affect Vegas operators and players.