Rep. Steven Horsford Joins Industry Leaders to Address Prediction Market Regulation and Tribal Sovereignty
Rep. Steven Horsford participated in a session at the Global Gaming Expo (G2E) in Las Vegas, joining American Gaming Association (AGA) President and CEO Bill Miller, UNITE HERE President Gwen Mills, and Mashantucket Pequot Tribal Nation Chairman Rodney Butler. The discussion focused on developing a coordinated industry response to the growing scrutiny of prediction markets. Key areas of concern included the impact on jobs, the principle of Tribal sovereignty, and the scope of regulatory authority. This comes as courts, Congress, and the Commodity Futures Trading Commission (CFTC) are independently increasing their examination of the prediction market sector. Casino industry leaders at G2E expressed concerns that sports event contract operators are exploiting regulatory loopholes, bypassing state licensing, taxation, and Tribal gaming agreements. Some executives, like MGM Resorts CEO Bill Hornbuckle and Caesars Entertainment CEO Tom Reeg, voiced apprehension about the sector's future and the potential for w...
