November 4, 2026 · 5:45pm ET | 2:45pm PT
Tribes spent 40 years trying to establish casinos on their reservations, looking for financial prosperity. Those 40 years included fights with the U.S. government. Meanwhile, the companies behind prediction markets, which include sports betting, have not faced the same opposition from the feds.
To wager, sportsbooks require sports bettors to physically prove they are over the legal age, depending on the jurisdiction, as required by state regulations. But the ever-growing prediction market space, led by companies like Kalshi and Polymarket, allows users to place bets in an app with little to no oversight, and with blurred jurisdictional lines.
“It’s just illegal unregulated online sports betting”
That’s what David Z. Bean, an enrolled member of the Puyallup Tribe of Indians and the Chairman of the Indian Gaming Association, or IGA, feels about prediction markets offering sports wagering.
