Indian Gaming Association backs bipartisan Senate bill targeting sports prediction markets

The Indian Gaming Association (IGA) has stepped into the growing fight over sports-based prediction markets, throwing its support behind a bipartisan Senate bill that would shut them down. The move adds fresh pressure on federal regulators and companies offering the products as scrutiny spreads well beyond the initial rollout phase.

Prediction markets are offering sports bets — just with a different name.

They are being offered in states where sports betting is illegal, like California...