The Lumbee Tribe secured federal recognition after more than a century Recognition grants sovereignty, land trust rights, and casino eligibility Casino interest exists, but tribe remains publicly cautious North Carolina’s Lumbee Tribe is one presidential signature away from federal recognition. A provision to recognize the 60K-strong tribe was tagged onto the National Defense Authorization Act,…
Tribal Casino Leaders Push for Increased Oversight of Prediction Markets
At least one tribal gaming leader says sports betting through predictions violates laws He says the CFTC and the Commodities Exchange Act (CEA) don’t shield prediction markets from those violations A California tribal gaming leader is pushing for congressional action As prediction markets rapidly expand, some Native American gaming leaders are pushing for congressional action…
