The Nevada Gaming Commission voted Oct. 23 to find John Bryant suitable to serve as a director of Flutter Entertainment PLC after several commissioners pressed the company about its partnership with CME Group and the regulatory risks of prediction markets.

Bryant, an Australian-born former Kellogg CEO and current chair of Flutter, told commissioners he spends roughly 30 to 40 hours a week on board work and that he would not take on additional public-company directorships. Erica Okerberg, Flutter’s Nevada counsel, said the company chose CME Group in part because of its compliance track record and that Flutter “plans to have similar types of protections, including consumer protection, reviewing and understanding customers, and all of those other measures, including geofencing and separating things by states” as it explores prediction-market opportunities.

Commissioner Kelly Krolicki cautioned repeatedly that prediction markets raise unresolved legal questions for Nevada regulators and said the state’s rules and the Nevada Gaming Act could bar some prediction-market activities. “From a state regulator standpoint, the Nevada Gaming Act, it’s not lawful. It’s unlawful,” Krolicki said during a lengthy exchange. He urged Flutter and its partners to take regulators’ guidance seriously and to stay closely engaged with state authorities.

Bryant and his counsel said the company is discussing safeguards with CME and that the board and executive team are focused on compliance. Bryant added that the company is “working hard with the CME to ensure that we are compliant with laws and regulations everywhere” and that the partnership is still evolving.

Commissioners also reviewed Bryant’s corporate experience and asked about time commitments and outside roles. Bryant said he chairs Flutter’s nominating and governance committee and serves on several other public-company boards but that he is at capacity for board work and intends no new outside commitments.

Motion and outcome: Commissioner Mark Antonis moved to approve the application for a finding of suitability for John Bryant. The motion carried with all commissioners present voting in favor.

Why it matters: Flutter’s arrangements with third parties such as CME Group have drawn attention from regulators worldwide because prediction markets can raise unique consumer-protection, anti-money-laundering and jurisdictional questions. Nevada’s regulators said they expect operators and partners to design state-by-state measures — including geofencing and customer review processes — before launching new products in markets under Nevada jurisdiction.

What’s next: The commission approved Bryant’s suitability finding; commissioners said they expect ongoing, direct engagement between Flutter and Nevada regulators as the company refines any prediction-market plans.