prediction markets

Prediction markets are becoming an issue for Native American tribes who argue they’re threatening their gaming revenues and their ability to fund vital services. At a recent legislative hearing, tribes and state lawmakers looked at taxing them.

A University of New Mexico professor calls such betting a new low.

U.S. Rep. Gabe Vasquez (D-NM) pressed a key federal official last week about how prediction markets are regulated during a House Agricultural Committee hearing. He said these markets function just like sports betting, but without the same regulations, and that hurts tribal communities.