Senators Push to Protect Tribal Gaming Revenue | Santa Fe News

Twelve Senate Democrats, led by Senator Martin Heinrich, are sounding the alarm as crypto bills threaten tribal gaming revenue. They’re urging lawmakers to protect the Indian Gaming Regulatory Act and block prediction markets from treating sports bets as financial derivatives — a move that could bypass tribal licensing and revenue-sharing deals. With tribal economies thriving thanks to IGRA — child poverty down from 47% to 27% since 1990 — these senators warn that crypto platforms could drain critical funding for healthcare, housing, and education. Their letter calls for two key fixes: a clear IGRA safeguard and a ban on CFTC-registered platforms offering sports or casino-style bets — backed by tribal groups and 17 tribes. The clock is ticking as these bills head to committee. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/07a2f0b14972662d