A group of gaming industry representatives has sent a letter to the Senate pushing for a block on prediction market platforms from offering sports-related event contracts
The letter, signed by the American Gaming Association, the Indian Gaming Association, and the Association of Gaming Equipment Manufacturers, among others, argues that these contracts offer a form of unregulated sports betting and threaten the regulated gambling framework.
“By offering nationwide sports betting through so-called ‘sports event contracts’ and branding it as a federally regulated financial product, these platforms have bypassed state and tribal law, weakened consumer protections, and undercut a system built on local control – one that supports jobs, generates tax revenue, and funds community priorities,” the letter reads.
