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Tribes oppose proposed federal swap treatment for US sports contracts

By SectorWire desk ·

Summary

Native American tribes urged the CFTC and SEC to exclude prediction market sports contracts from their proposed swap definition, citing Law360. The tribes argue that federal oversight would divert tribal gaming revenue and conflict with the Indian Gaming Regulatory Act.

Why it matters

Tribes argue federal oversight of sports contracts would divert tribal gaming revenue and conflict with the Indian Gaming Regulatory Act.

Entity maplicensed bylicensed byleftappointed atCFTCUSASECKalshiNovigAmanda FischerGary Gensler
Entities and relations reported in this entry and our coverage.

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