SectorWire
SearchGet the daily briefing
Menu

Indian Gaming Association urges Congress to address sports event contracts

Regulation

Indian Gaming Association chairman David Bean called on the Commodity Futures Trading Commission to act on sports event contracts and urged Congress to amend the Commodities Exchange Act if it does not. Bean said these contracts amount to sports wagering and violate tribal, federal and state laws, including the Indian Gaming Regulatory Act.

The request could shape federal oversight of sports event contracts and their relationship with tribal gaming authority.

Request a correction

Keep reading

Regulation

Casino Association of New Jersey asks CFTC to block sports prediction contracts

The Casino Association of New Jersey asked the US Commodity Futures Trading Commission (CFTC) to prevent federally regulated prediction markets from offering sports-related contracts, arguing they could displace state and tribal gaming authority. Kalshi rejected the association’s characterisation of the sector, while FanDuel sought clarity on the proposed rules and the NFL called for stronger protections for sporting-event integrity.

Continue reading