Indian Gaming Association Chair says Clarity threatens tribal self-governance

  • David Bean criticized Clarity over its potential impact on tribal self-governance.
  • Clarity was revised to exclude prediction markets from the DeFi exemption.
  • Native American tribal groups previously argued similar markets diverted tribal casino revenue.

Indian Gaming Association Chair David Bean criticized Clarity, saying its passage would represent the biggest threat to Native American tribal self-governance in decades. The bill was revised to exclude prediction markets from its decentralized finance (DeFi) exemption, but Bean said the change had not resolved tribal concerns. Native American tribal groups had previously argued that prediction markets such as Kalshi were diverting revenue from tribal casinos.

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