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Indian Gaming Association urges Congress to act on prediction markets

Regulation

The Indian Gaming Association criticised the Commodity Futures Trading Commission over prediction markets, saying federal oversight was undermining tribal sovereignty and gaming law. The association called for congressional action and said tribes were pursuing legislative and legal routes; David Bean said litigation could reach the Supreme Court.

The association's position signals potential legislative and legal challenges to prediction markets' federal oversight.

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Regulation

Indian Gaming Association opposes revised Clarity Act ahead of US Senate vote

The Indian Gaming Association maintained its opposition to the revised Clarity Act before a scheduled Senate cloture vote. Chairman David Bean said the proposal fails to safeguard tribal gaming rights or constrain CFTC authority. The association seeks explicit protection against federal commodities law overriding state and tribal gaming laws.

The Indian Gaming Association has said it remains opposed to a revised version of the Clarity Act ahead of a scheduled Senate cloture vote, according to the association's chairman, David Bean. The revised bill was released by Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis before the procedural vote.

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