The Inter-Tribal Council of the Five Civilized Tribes (ITC) has adopted a resolution calling on Congress and federal regulators to protect tribal sovereignty from prediction markets such as Kalshi and Polymarket.
A Republican member of Congress has introduced the latest bill aimed at limiting how elected officials can use prediction markets.
U.S. Representative Bryan Steil (R-Wis.), chairman of the House Administration Committee, has introduced legislation that would bar House members, their spouses and dependent children from participating in prediction markets, amid growing scrutiny of lawmakers' financial activities.
Labor union Unite Here called on Congress to ban prediction markets from offering sports betting and casino-style event contracts, arguing that such products threaten jobs in the regulated gaming industry and undermine Tribal sovereignty and state gambling laws.
Mexico’s Permanent Commission of the Congress has received a draft resolution calling on the Interior Ministry to publish all casino and online betting permits in open-data format as lawmakers push for greater transparency in the gambling sector amid money laundering concerns.
Two of the most influential voices in US gaming have issued a fresh warning to Congress as lawmakers weigh a significant shift in financial regulation.
The CFTC remains resolute in pursuing legal action against states regarding prediction markets, despite facing challenges from Congress.
