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Schiff questions CFTC nominee Quintenz on sports event contracts and tribal sovereignty

Regulation

At a Senate Agriculture Committee hearing, Senator Adam Schiff questioned CFTC nominee Brian Quintenz about whether sports event contracts could undermine tribal sovereignty and gaming compacts. Quintenz said the Commodities Exchange Act permits contracts tied to events with commercial, financial or economic consequences, and said he would hear tribal concerns.

The nominee’s interpretation could affect how sports event contracts interact with tribal gaming compacts and state gambling rules.

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Ninth Circuit questions Kalshi over contracts on tribal lands

A Ninth Circuit panel questioned Kalshi during an appeal by three California tribes seeking to revive their request for a preliminary injunction. The tribes argue the sports-event contracts constitute unauthorised Class III gaming on tribal lands under the Indian Gaming Regulatory Act; Kalshi disputes whether the law gives tribes a claim against a private company. The court has set no decision deadline.

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