U.S. Senate Requests Addition of State Jurisdiction Clause for Sports Betting to Clarity Act

On the 4th, the U.S. Senate Committee on Indian Affairs held a roundtable discussion, where the regulation of prediction markets was a key topic. According to reports from The Block and others, attending senators and tribal gaming regulators expressed a desire to keep the jurisdiction over sports betting with the states, opposing the centralization of authority to the U.S. Commodity Futures Trading Commission (CFTC). Tehassi Hill, Vice Chairman of the National Indian Gaming Association, advocated for an amendment to the Clarity Act to allow sports and casino betting through prediction markets...