Washington, March 6 -- Representative Gabe Vasquez issued the following press release:
On March 4, 2026, U.S. Representative Gabe Vasquez (NM-02) pushed to protect New Mexico's Tribal gaming industry by calling for all types of bets on sports to be treated as sports betting. Congressman Vasquez proposed an amendment to the Farm Bill to ban prediction market companies from offering sports betting services. The Commodity Futures Trading Commission, which is responsible for regulating crops and commodities, is currently turning a blind eye to illegal event contracts under its purview.
The House Agriculture Committee refused to vote on Rep. Vasquez's amendment, failing to close the loophole that allows prediction market companies to evade st...