2:25-cv-575-APG-BNW MOTION HEARING - ROUGH DRAFT - DO NOT CITE!!!
54 Achilles or the President imposes tariffs. You don't and can't regulate stock exchange, but you can regulate the betting on sports and elections. MS. WHELAN: Sure. Well, there's the statutory basis for that that our legislature have given us. I'm not aware, though, that there's any -- I'm trying to take this to its logical conclusion. If a local sportsbook started offering, you know, odds on will the Dow drop today or rise today, I think that that would be something that the NGCB could regulate. THE COURT: So why allow sports betting but not election betting? MS. WHELAN: So that's simply a -- I can't speak to the legislature's policy decisions, but it is NRS 293.830 that a bet or wager on elections is illegal. It's a gross misdemeanor under State law, and that's the elections provision, which is obviously governed by the Secretary of State. We also have NRS 463.0193, which is under the gaming provisions, that wagering on elections is essentially wagering on an other event and an entity that takes wagers on other events is deemed a sports pool. And so the Nevada gaming regulations say that election wagering by -- through sports pools is prohibited. And I imagine it is probably based on that -- THE COURT: So the legislature has decided as a
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
UNITED STATES DISTRICT COURT Judy K. Moore, RMR, CRR
Made with FlippingBook - Online catalogs