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US Sen. Heinrich, New Mexico tribes seek rules to rein in prediction markets
U.S. Sen. Martin Heinrich, along with local Indigenous tribes and pueblos, is urging Republican senators to restrain online gambling apps, saying the unregulated platforms pose an 鈥渆xistential threat鈥 to tribal gaming rights and sovereignty.
Heinrich, D-N.M., on Friday sent a letter to Republican chairmen of two U.S. Senate committees that are considering separate pieces of legislation that deal with digital assets like cryptocurrency. As drafted, according to the letter, both the and remove accountability for online platforms that allow users to bet on sports and other events online.
The 鈥渞apid expansion鈥 of the apps, which allow users to bet on sports and otherwise engage in casino-style gambling, 鈥減oses an existential threat to tribal sovereignty by undermining the revenue that tribes rely on for government services,鈥 Heinrich and 11 other Democratic senators wrote.
The argues that the apps bypass federal tribal gaming laws and also undermine states鈥 abilities to regulate gambling. In New Mexico, sports gambling is illegal except in-person at tribal casinos, which tribes rely on to fund services including education, public safety, healthcare and housing.
Sixteen tribes and pueblos in New Mexico signed on to the letter, according to a news release from Heinrich鈥檚 office, as did the national Indian Gaming Association and National Congress of American Indians.
The two bills are currently being negotiated in the U.S. Senate鈥檚 Committee on Banking, Housing, and Urban Affairs and Committee on Agriculture, Nutrition, and Forestry. Heinrich鈥檚 letter warns that if enacted, the legislation would 鈥渆ffectively allow prediction markets to offer online casino-style gaming and sports betting across the 近距离内射合集 States, entirely bypassing the localized tribal-state regulatory systems required鈥 in federal law.
Heinrich鈥檚 letter to leadership of both committees comes amid lawsuits from and a to crack down on Kalshi, one of the platforms that local plaintiffs accuse of subverting state and tribal law. Both lawsuits remain pending in state and federal courts.
U.S. Sens. Tim Scott, R-South Carolina, and John Boozman, R-Arkansas, chair the committees that are reviewing the legislation. Spokespersons for both senators did not immediately respond to Source NM鈥檚 emailed requests for comment Monday morning.
The letter urges senators to amend the bills to prohibit the platforms from enabling sports betting and also make explicit that the platforms cannot be used to circumvent existing tribal-state gaming compacts.
Without those amendments, unregulated online gambling will undermine federal treaty obligations to tribal governments and their rights to self-determination, which represent a 鈥減rimary pillar of tribal sovereignty,鈥 the letter reads.