Tribal gaming regulators, senators make a renewed push to add prediction markets provision to Clarity Act

The Block·

Tribal gaming regulators, senators make a renewed push to add prediction markets provision to Clarity Act

60-second summary

Tribal gaming regulators and senators are making a renewed push to add a prediction markets provision to the Clarity Act, aiming to keep sports betting under state jurisdiction. This move comes in response to a federal regulator's efforts to assert control. The provision would protect tribal gaming's autonomy, potentially impacting the growing US sports betting market.

Senators and tribal gaming regulators are pushing to keep sports betting under state jurisdiction, resisting efforts by a federal regulator.