Caesars Avoids Prediction Markets For Fear of Losing State Licenses -- Market Talk

Dow Jones02-18

1805 ET - Caesars Entertainment doesn't plan to jump into prediction markets any time soon, Chief Executive Tom Reeg says on a call with analysts. The company will hold off at least until there are clearer regulatory guidelines about whether prediction markets should be classified as gambling. "To me, this is clearly gambling," Reeg says. "I think it'll take a couple of years to wind its way through the courts." Reeg says that Caesars' state gaming licenses are some of its most valuable assets, and state decision-makers have made it clear that pursuing prediction markets would put some of Caesars' brick-and-mortar licenses at risk. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

February 17, 2026 18:05 ET (23:05 GMT)

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The company will hold off at least until there are clearer regulatory guidelines about whether prediction markets should be classified as gambling. \"To me, this is clearly gambling,\" Reeg says. \"I think it'll take a couple of years to wind its way through the courts.\" Reeg says that Caesars' state gaming licenses are some of its most valuable assets, and state decision-makers have made it clear that pursuing prediction markets would put some of Caesars' brick-and-mortar licenses at risk. 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