Tribal Leaders Urge Senate to Curb Prediction Markets

A coalition of over 100 tribal leaders is lobbying the Senate to add language addressing prediction markets to the Clarity Act, citing an 'existential' threat to their economies.

The push aims to secure restrictions before Tuesday's key procedural vote on the broader crypto bill, which would expand the CFTC's regulatory authority over digital assets and event contracts.

Tribal governments view prediction markets as a direct threat to their economic base, according to Bloomberg Government. However, the exact language tribes want added to the legislation remains unclear.