Tribal gaming leaders warn of sports prediction markets’ impact on revenue

Indian Gaming Association executive director Jason Giles and conference chairman Victor Rocha warned that prediction markets could reduce tribal gaming revenue and said tribes may need to lobby Congress or pursue legal action, reportedly. Rocha said California tribes and state officials would oppose FanDuel, DraftKings and other operators entering the state; a federal judge had recently denied three tribes’ request to stop Kalshi offering sports event contracts there.