California tribes gather to combat encroachment of prediction markets — CDC Gaming
Fresh off Fanatics’s launching its sports betting prediction market in California and other states this month, the state’s tribal leaders are gathering through Thursday in San Diego to discuss their counter strategy, including working with state officials for a crackdown and even considering going into the business themselves if it can’t be defeated in court or legislatively.
James Siva, chairman of the California Nations Indian Gaming Association, appeared Wednesday on a webinar hosted by the Indian Gaming Association, the organization that continues to rally against prediction markets, arguing it’s illegal, infringes on tribal sovereignty, and robs them and the state of revenue.
Prediction market operators maintain they’re protected under the federal Commodity Futures Trading Commission ...










