The American Gaming Association and Indian Gaming Association urged Congress to intervene over sports event contracts offered through prediction markets. Their joint letter said the contracts were being offered in disregard of state laws.
The associations are pressing for federal action over the legal status of sports event contracts.
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The American Gaming Association and other trade groups are urging US lawmakers to prohibit sports-related trading on prediction markets. The groups argue that the Commodity Futures Trading Commission has exceeded its authority, while bipartisan legislation introduced in March would bar the agency from permitting sports and casino-style event contracts.
It was reported that tribal leaders asked Congress to ban gaming-like prediction market contracts. They told a Senate Indian Affairs roundtable that the products threaten tribal sovereignty and rights under IGRA.
The Indian Gaming Association (IGA) urged US senators to amend the CLARITY Act to bar federally regulated prediction markets from offering sports or casino-style contracts and to protect existing tribal, state and federal gaming laws. The association said its representatives were meeting senators and congressional staff as lawmakers negotiate the bill.
US President Donald Trump urged Congress to pass the Clarity Act at a White House meeting with cryptocurrency and financial-industry executives. Prediction-market representatives were not invited, and a person familiar with the meeting said the administration had decided to focus on crypto; the CFTC’s Innovation Advisory Committee was due to meet the following day.
The Indian Gaming Association held its 2026 Summer Legislative Summit in Washington and urged Congress to amend the CLARITY Act to bar sports and casino-style gambling through prediction markets. The association said the changes should preserve tribal, state and federal gaming laws; California tribal leaders also said they are preparing an online sports betting initiative for a 2028 vote.