Five Tribes urge oversight of prediction markets
Inter-Tribal Council calls for federal action to protect tribal gaming laws and sovereignty
The Inter-Tribal Council of the Five Civilized Tribes approved a resolution calling on Congress and federal regulators to ensure prediction markets and event contracts comply with existing tribal, federal and state gaming laws, according to a July 14 press release from the Inter-Tribal Council of the Five Civilized Tribes published by Indianz.Com. The resolution says prediction markets and event contracts should not undermine tribal sovereignty or tribal-state gaming compacts.
The council also urged the U.S. Senate Agriculture Committee to include tribal priorities in the Agricultural Act of 2026, or farm bill, according to the July 14 press release. Additional resolutions supported the SBA 8(a) Business Development Program, called on Congress to maintain current formulas for Tribal transportation and transit funding, endorsed Mark Cruz to serve as director of the Indian Health Service and recognized the National Day of Prayer. The next Inter-Tribal Council meeting is scheduled for Oct. 7-9 and will be hosted by the Choctaw Nation.
- 1.Indianz.Com.
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