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Indian Gaming Association leaders oppose prediction markets at California conference

Regulation

The Indian Gaming Association and tribal leaders condemned sports-betting prediction markets at the 29th Annual Western Indian Gaming Conference in California, alleging that they operate unlawfully and undermine tribal and state authority. Conference sessions examined the markets’ legal and regulatory implications and discussed coordinated responses.

The opposition signals a dispute over prediction markets’ authority to offer sports betting across US jurisdictions.

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Regulation

CFTC and prediction markets discuss oversight at New York conference

Reportedly, Prediction markets and the challenges of overseeing them were discussed on Thursday at the NEXTPredict conference in New York, where federal officials and industry participants addressed the issue.

At the NEXTPredict conference on Thursday, the oversight difficulties facing prediction markets were the main topic. Federal regulators and industry executives were among those who discussed e...

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