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US tribal leaders prepare to discuss prediction-market contracts with CFTC

Regulation

US tribal leaders were due to hold a virtual call with acting Commodity Futures Trading Commission chair Caroline Pham on Thursday, with sports event contracts on prediction markets expected to be discussed. Mashantucket Pequot Tribal Nation chairman Rodney Butler argued that prediction markets threaten gaming exclusivity agreements; Connecticut officials were reviewing the issue, he said.

The discussion could affect tribal gaming exclusivity agreements and the regulation of sports event contracts.

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