AGA and IGA urge Congress to act on sports event contracts
The American Gaming Association and Indian Gaming Association urged the US Congress to act against sports event contracts offered by prediction markets, in a letter signed by their leaders. They argued that the contracts bypass state and tribal oversight and said they reach customers aged 18 and over across 39 states and the District of Columbia. The associations also criticised the Commodity Futures Trading Commission’s approach to market self-certification.
The associations’ request could affect how prediction-market sports contracts are regulated alongside state and tribal betting systems.