The American Gaming Association filed a formal letter to the Commodities Futures Trading Commission (CFTC) on Thursday afternoon requesting to attend next month’s high-stakes roundtable discussion in Washington, D.C., to clarify the CFTC’s policy toward sports event futures trading.
The AGA memo, a copy of which was viewed by Sportico, reiterates the trade group’s stance that sports futures contracts from Crypto.com, Kalshi and others pose “an unfair economic threat” to sportsbook operators because the contracts resemble gambling. It also provides the most expansive argument to date that sports futures contracts violate tribal rights.
The letter is addressed to CFTC acting chair Caroline Pham and agency commissioners. The AGA confirmed the contents of its letter to the CFTC as legitimate.
