Tribal gaming regulators and senators push to add prediction markets provision to Clarity Act, aiming to keep sports betting under state jurisdiction.
Regulation & Gov ·
Tribal gaming regulators and senators are pushing to add a prediction markets provision to the Clarity Act, aiming to preserve state jurisdiction over sports betting rather than allow federal authority to expand into the space.
The effort represents a renewed campaign to shape how prediction markets are regulated at the federal level. By embedding language in the Clarity Act that addresses prediction markets, the coalition seeks to maintain the current framework where states retain primary control over sports betting operations.
The push reflects ongoing tension between state and federal regulatory interests in the betting and prediction market space. It remains unclear whether the amendment will be incorporated into the final Clarity Act legislation or what specific language the regulators and senators are proposing.