Tribal gaming representatives and US lawmakers are calling for changes to the Digital Asset Market Clarity Act that would prevent prediction market platforms from offering sports-related contracts without following existing state and tribal gambling regulations.
Speaking at a Senate Indian Affairs Committee roundtable, the Vice Chairman of the Indian Gaming Association (IGA), Tehassi Hill, urged lawmakers to include provisions confirming that sports and casino gambling remain regulated by state and tribal governments, reported The Block.
Senator Tina Smith also proposed adding similar language to the Clarity Act, stating that the Commodity Futures Act should not override the Indian Gaming Regulatory Act or existing tribal-state gaming agreements.
