Comment on CFTC-2026-0331, CFTC-2026-0331-0001, Lillian, Schwales
Lillian SchwalesOpposeGovernment
Summary: The Navajo Nation opposes the proposed action, arguing that event contracts on sporting events are a form of gaming that should remain prohibited under the Commodity Exchange Act. They contend that allowing such contracts on prediction markets would violate tribal and state sovereignty, bypass established regulatory safeguards, and infringe upon the Indian Gaming Regulatory Act.
The Navajo Nation submits the attached file containing its comments in Response to Advance Notice of Proposed Rulemaking published on March 26, 2026, in the Federal Register, Vol. 91, No. 50 p.12516 regarding Prediction Markets, RIN 3038 AF65