Celebrating 75 Years of Serving Nevada’s Legal, Business, Government, and Civic Communities

Entity Wagering May Quickly Become a Thing of the Past in Nevada

OSGA.com, March 1, 2018

by Glenn Greene

Predicting the end of this Nevada legislation was the year’s Best Bet

Only a year ago I wrote a two-part report on why I confidently knew the colossally misguided idea of “entity wagering” was doomed to fail. The past week’s headlines have helped confirm my easy suspicions of this plan when one of the more known company’s attempting this venture closed their books. Sadly, they took some delusional people and their money with them for the ride.

To refresh our memory, here are the basics that were laid out to attract “investors” in this get-rich slow scheme, headquartered and only taking place in Nevada:

Entity Wagering 101 Update

Entity wagering can most simply be described as a sports betting mutual fund. Investors (bettors) bought into the fund with the entity manager subsequently investing money in preferred sports bets instead of traditional businesses or companies as in a mutual fund.

To read entire article click here.

About McDonald Carano

In 2024, McDonald Carano celebrates 75 years of serving Nevada’s legal, business, government, and civic communities. More than 60 lawyers and government relations professionals serve Nevada, national, and international clients from our offices in Reno, Las Vegas, and Carson City. McDonald Carano provides legal services and government affairs and advocacy advice to startups, corporations, private companies, trade associations, nonprofits, public entities, high-net-worth individuals, and family offices throughout Nevada. We are proud to be your Nevada law firm since 1949.

Media Contact

Mark Buckovich


You have chosen to send an email to McDonald Carano. The sending or receipt of this email and the information in it does not in itself create an attorney-client relationship. If you are not already a client, you should not provide us with information that you wish to have treated as privileged or confidential without first speaking to one of our lawyers. If you provide information before we confirm that you are a client and that we are willing and able to represent you, we may not be required to treat that information as privileged, confidential, or protected information, and we may be able to represent a party adverse to you.

I have read this and want to send an email.