California tribal gaming leader urges CFTC nominee to scrutinise prediction markets
California Nations Indian Gaming Association chairman James Siva called on CFTC nominee Michael Selig to scrutinise sports event contracts ahead of a Senate vote on his nomination. Siva said prediction market products in California violate federal, state and tribal laws, while Selig told the Senate Agriculture Committee that court rulings would inform his approach.
The nominee’s approach could affect disputes over sports event contracts and tribal gaming interests in California.