Indian Gaming Association urges Congress to address sports betting on prediction markets
The Indian Gaming Association has called on Congress to act against sports betting through prediction markets, which it says violates tribal, federal and state laws, including the Indian Gaming Regulatory Act. Chairman David Z. Bean said the Commodity Futures Trading Commission had not determined whether the contracts involve prohibited activity and urged lawmakers to amend the Commodity Exchange Act if the agency does not act.
The dispute concerns how prediction-market sports contracts interact with tribal gaming authority and existing gambling laws.