Daniel Wallach urges tribes and states to oppose prediction markets
Gaming attorney Daniel Wallach urged tribal leaders and state attorneys general to coordinate against prediction markets during an Indian Gaming Association webinar. Wallach said four court rulings in Nevada, New Jersey and Maryland were trending in the states’ favour, and that tribal lawyers were filing briefs in cases around the country.
The legal arguments may affect whether prediction-market operators can offer event contracts in state and tribal jurisdictions.