In the News
House Lawmakers Question Sports Prediction Markets as Tribes Defend Gaming Authority, Tribal Business News
July 21, 2026Tribal Business News quoted partner Rob Schwartz in an article about a congressional hearing examining federally regulated sports-event prediction markets and questions surrounding federal, state, and tribal authority.
Rob discussed the growing litigation over prediction markets and the need for greater coordination among regulators as courts consider whether sports-event contracts fall under federal derivatives law or state and tribal gaming frameworks. “The explosion of litigation is not something we’ve seen before,” Rob said. “We are in an extraordinary situation, and I think everybody would like to see better cooperation.”