The Indian Gaming Association (IGA) issued the following press statement in support of and in full alignment with an official statement released by David Z. Bean, Chairman of the Indian Gaming Association, regarding the urgent need for Congressional action to address illegal sports betting conducted through so-called “prediction markets”:
“IGA emphasizes that tribes are united. The Indian Gaming Association, as a national organization representing tribal government gaming, stands shoulder to shoulder with tribal governments and our sister organizations in Indian Country in opposing these illegal gaming attempts. We demand that the CFTC fulfill its regulatory responsibilities, and, without decisive action, we urge Congress to amend the Commodity Exchange Act to strengthen the longstanding prohibition on gaming conducted outside established legal and regulatory frameworks.”