Latest news with #TribalNations
Yahoo
11-06-2025
- Business
- Yahoo
Trump's CFTC Pick Troubles Tribes With Prediction Market Plans
Tribal groups are concerned Kalshi, Robinhood and pose an existential economic threat to them through sports prediction markets—and on Tuesday, it became even more clear the Commodity Futures Trading Commission (CFTC) isn't coming to their rescue. CFTC chairman nominee Brian Quintenz made his pro-market stance apparent while speaking in front of the U.S. Senate Committee on Agriculture, Nutrition and Forestry at a Tuesday confirmation hearing. Quintenz told senators the CFTC has a 'very clear' mandate to permit the sports event futures contracts that financial technology companies have offered nationwide since the start of the year, despite state and tribal objections. More from Yasiel Puig Sports Betting Guilty Plea Overturned by Federal Court Robinhood's Sports Prediction Markets Are a Hook for Wider Play ESPN Bet Faces Make-or-Break Year for $2 Billion Disney-Penn Deal Unless Congress steps in with a new law, Quintenz said, 'I need to abide by the Commodity Exchange Act.' The CFTC's exclusive regulatory authority for sports event contracts under the Commodity Exchange Act is being challenged in court by multiple states; those states, like many tribal groups, call the markets an illegal sports betting equivalent that circumvents state taxes and other regulations. While no tribal group has filed a related lawsuit to date, more than a dozen have petitioned the CFTC to shut down sports prediction markets in their regions. Quintenz, a Kalshi board member, suggested unhappy tribal groups could compete with the new sports prediction markets by launching their own. But gaming exclusivity is the very right tribes are desperate to preserve in states where sportsbook operators such as DraftKings and FanDuel are banned. 'Nothing in the CEA that I'm aware of prohibits or affects the opportunity of tribes to offer those [prediction market products],' Quintenz said in response to a question from Democrat Sen. Adam Schiff of California. President Donald Trump's agency pick said he would 'listen to the concerns of the tribes' raised by Schiff and reschedule a public roundtable discussion canceled without explanation in April by acting chair Caroline Pham. He said he did not have any information about why the original discussion was nixed. 'We respect Tribal Nations and their inherent sovereignty,' a Kalshi spokesperson wrote in an email after Quintenz's hearing. 'The Commodity Exchange Act does not restrict Tribes from engaging in gaming activities on their reservations or within the states where they operate, consistent with applicable laws. We have had productive conversations with several Tribes and are hopeful to build collaborative partnerships in the future.' Amid conflict-of-interest concerns given his Kalshi ties, Quintenz wrote in a pre-hearing letter to the CFTC that he would step down from the company's board and divest stock upon being confirmed to lead the federal agency. He said he would recuse himself from matters involving Kalshi. In Tuesday's hearing, Quintenz told U.S. Sen. Amy Klobuchar (D-Minn.) that the CFTC would appoint a 'screener' in his office 'to make sure no matter inappropriately comes before me.' The current makeup of the CFTC strains the logic of his proposed strategy. If confirmed by the Senate, Quintenz would be the only commissioner at the CFTC, with the four other slots unfilled after a spate of resignations and retirements. It is unclear, then, who else right now could regulate the rise of Kalshi and similar companies that offer sports event futures. Departing commissioner Christy Goldsmith Romero, a Democrat, last month called the pending one-person CFTC leadership structure 'a disservice to regulation.' But Quintenz said several times in his hearing that he would not explicitly urge the president to nominate candidates from both political parties to be CFTC commissioners in accordance with agency rules—or ask that empty agency spots be filled at all. 'I don't tell the president what to do,' Quintenz said to U.S. Sen. Raphael Warnock (D-Ga.). Interim CFTC chair Pham has not taken a vocal stance on sports prediction markets since being named to the post in January. The agency has been hands-off toward Kalshi and other exchanges—a full turn from how things went during Joe Biden's presidency when the agency fought Kalshi in court over its election contracts. It dropped an appeal in the Kalshi election contract case after Pham took over for Biden-era CFTC chair Rostin Behnam. Quintenz has long argued that sports event contracts are a legitimate financial hedging tool that provide an opportunity for 'risk management, price discovery and price dissemination.' His claims date back to his stint as a CFTC commissioner from 2017-2021. During Tuesday's hearing, Quintenz repeated many of his talking points from a 2021 speech to the Federalist Society in which he said the CFTC has no right to inhibit sports prediction markets under the Commodity Exchange Act. The U.S. Senate Committee on Agriculture, Nutrition and Forestry will vote on whether to recommend Quintenz for full Senate approval. Then, the Senate will hold a final vote on Quintenz's nomination. Best of Most Expensive Sports Memorabilia and Collectibles in History The 100 Most Valuable Sports Teams in the World NFL Private Equity Ownership Rules: PE Can Now Own Stakes in Teams
Business Upturn
22-05-2025
- Business
- Business Upturn
Native Communities Are a High-Impact, Often Overlooked, Opportunity for Funders, Research Finds
Boston, May 22, 2025 (GLOBE NEWSWIRE) — Native communities are driving innovative solutions across climate justice, education, economic development, thriving cultures, and more—offering compelling opportunities for transformative social change. Yet, despite this potential, Native communities have long been overlooked, underfunded, and misunderstood by mainstream philanthropy, according to new research released today by The Bridgespan Group and Native Americans in Philanthropy. Native communities receive less than 1 percent of philanthropic funding, and Native-led organizations receive roughly only half of that, according to the First Nations Development Institute. 'However, Native Peoples have long exhibited the tenacity and ingenuity needed to address today's most pressing challenges,' said Rohit Menezes, a Bridgespan partner and part of the research team. 'The current uncertainty around federal funding levels to Tribal Nations and Native communities heightens the need for more philanthropic engagement.' The report is broken into three parts that address 'why,' 'how,' and 'whom' to fund. Drawing from listening sessions, interviews with more than 60 Native and non-Native philanthropic leaders, and case studies, the research offers strategic reasons for funders to engage and offers a roadmap for how to do so effectively. Key findings of the research include: Place-Based Potential : Many Native communities lie within funders' existing geographic portfolios, offering overlooked opportunities to increase impact. : Many Native communities lie within funders' existing geographic portfolios, offering overlooked opportunities to increase impact. Innovative Solutions : From regenerative agriculture to constitutional reform, Native-led innovation is producing scalable models with global relevance. : From regenerative agriculture to constitutional reform, Native-led innovation is producing scalable models with global relevance. Economic Impact : Tribal Nations employ hundreds of thousands and contribute billions annually to regional economies, yet they face chronic underinvestment. : Tribal Nations employ hundreds of thousands and contribute billions annually to regional economies, yet they face chronic underinvestment. Cultural Strength: Native organizations preserve vital languages, restore ecosystems, and build intergenerational wealth and wellness despite limited resources. The report also explores the 'Five Rs of Indigenous Philanthropy,' championed by Native Americans in Philanthropy and building on the work of International Funders for Indigenous Peoples. The 'Five Rs' serve as a values-based framework for funders seeking to build meaningful and impactful partnerships with Native communities: Respect: Honor Native cultures, traditions, and lived experiences; acknowledge the impact of colonization and historical trauma. Honor Native cultures, traditions, and lived experiences; acknowledge the impact of colonization and historical trauma. Reciprocity: Approach funding as a two-way exchange, where knowledge and resources flow in both directions with mutual benefit. Approach funding as a two-way exchange, where knowledge and resources flow in both directions with mutual benefit. Responsibility: Be accountable to Native communities and support long-term investments that align with community priorities. Be accountable to Native communities and support long-term investments that align with community priorities. Relationships: Build authentic, trust-based connections by showing up consistently and sharing decision-making power. Build authentic, trust-based connections by showing up consistently and sharing decision-making power. Redistribution: Recognize the origins of philanthropic wealth and intentionally return resources to Native communities as a matter of justice and equity. According to Menezes, 'Perhaps, most important, over the course of our research, Native leaders shared their advice for funders who want to engage with Native communities. That advice, coupled with the five Rs of Indigenous Philanthropy, offers actionable guidance for donors.' Additionally, the report surfaces immediate entry points for funders to start or deepen support; next-level opportunities for systemic investment in areas such as land return, data infrastructure, and Indigenous education; and real-world success stories from funders including the Bush Foundation, MacArthur Foundation, and the Northwest Area Foundation. 'Native communities have always been sources of innovation, strength, and solutions,' said Erik Stegman, chief executive officer of Native Americans in Philanthropy. 'This research affirms what we at Native Americans in Philanthropy have long known: when philanthropy shows up with respect and commitment, the impact is profound and the opportunities ahead are limitless.' Read the full report at: ### About The Bridgespan Group The Bridgespan Group is a global nonprofit that collaborates with social change organizations, philanthropists, and impact investors to make the world more equitable and just. Bridgespan's services include strategy consulting and advising, sourcing and diligence, and leadership team support. We take what we learn from this work and build on it with original research, identifying best practices and innovative ideas to share with the social sector. We work from locations in Boston, Delhi, Johannesburg, Mumbai, New York, San Francisco, Singapore, and Washington, DC. About Native Americans in Philanthropy For over 30 years, Native Americans in Philanthropy (NAP) has promoted equitable and effective philanthropy in Native communities. We do this through leadership development, education, research, and strategic partnerships with funders and philanthropic organizations. The cornerstone of our work is our relatives and our networks. NAP supports several communities of stakeholders that work together to build knowledge, community, priorities, and power in the sector. These networks include Native professionals in philanthropy, elected Tribal leaders, Native youth leaders, Native philanthropic executives and board members, Native nonprofit leaders, and allies. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
22-05-2025
- Business
- Yahoo
Native Communities Are a High-Impact, Often Overlooked, Opportunity for Funders, Research Finds
A new report from The Bridgespan Group and Native Americans in Philanthropy reveals potential for transformative impact through investment in Native communities. Boston, May 22, 2025 (GLOBE NEWSWIRE) -- Native communities are driving innovative solutions across climate justice, education, economic development, thriving cultures, and more—offering compelling opportunities for transformative social change. Yet, despite this potential, Native communities have long been overlooked, underfunded, and misunderstood by mainstream philanthropy, according to new research released today by The Bridgespan Group and Native Americans in Philanthropy. Native communities receive less than 1 percent of philanthropic funding, and Native-led organizations receive roughly only half of that, according to the First Nations Development Institute. 'However, Native Peoples have long exhibited the tenacity and ingenuity needed to address today's most pressing challenges,' said Rohit Menezes, a Bridgespan partner and part of the research team. 'The current uncertainty around federal funding levels to Tribal Nations and Native communities heightens the need for more philanthropic engagement.' The report is broken into three parts that address 'why,' 'how,' and 'whom' to fund. Drawing from listening sessions, interviews with more than 60 Native and non-Native philanthropic leaders, and case studies, the research offers strategic reasons for funders to engage and offers a roadmap for how to do so effectively. Key findings of the research include: Place-Based Potential: Many Native communities lie within funders' existing geographic portfolios, offering overlooked opportunities to increase impact. Innovative Solutions: From regenerative agriculture to constitutional reform, Native-led innovation is producing scalable models with global relevance. Economic Impact: Tribal Nations employ hundreds of thousands and contribute billions annually to regional economies, yet they face chronic underinvestment. Cultural Strength: Native organizations preserve vital languages, restore ecosystems, and build intergenerational wealth and wellness despite limited resources. The report also explores the 'Five Rs of Indigenous Philanthropy,' championed by Native Americans in Philanthropy and building on the work of International Funders for Indigenous Peoples. The 'Five Rs' serve as a values-based framework for funders seeking to build meaningful and impactful partnerships with Native communities: Respect: Honor Native cultures, traditions, and lived experiences; acknowledge the impact of colonization and historical trauma. Reciprocity: Approach funding as a two-way exchange, where knowledge and resources flow in both directions with mutual benefit. Responsibility: Be accountable to Native communities and support long-term investments that align with community priorities. Relationships: Build authentic, trust-based connections by showing up consistently and sharing decision-making power. Redistribution: Recognize the origins of philanthropic wealth and intentionally return resources to Native communities as a matter of justice and equity. According to Menezes, 'Perhaps, most important, over the course of our research, Native leaders shared their advice for funders who want to engage with Native communities. That advice, coupled with the five Rs of Indigenous Philanthropy, offers actionable guidance for donors.' Additionally, the report surfaces immediate entry points for funders to start or deepen support; next-level opportunities for systemic investment in areas such as land return, data infrastructure, and Indigenous education; and real-world success stories from funders including the Bush Foundation, MacArthur Foundation, and the Northwest Area Foundation. "Native communities have always been sources of innovation, strength, and solutions,' said Erik Stegman, chief executive officer of Native Americans in Philanthropy. 'This research affirms what we at Native Americans in Philanthropy have long known: when philanthropy shows up with respect and commitment, the impact is profound and the opportunities ahead are limitless.' Read the full report at: ### About The Bridgespan Group The Bridgespan Group is a global nonprofit that collaborates with social change organizations, philanthropists, and impact investors to make the world more equitable and just. Bridgespan's services include strategy consulting and advising, sourcing and diligence, and leadership team support. We take what we learn from this work and build on it with original research, identifying best practices and innovative ideas to share with the social sector. We work from locations in Boston, Delhi, Johannesburg, Mumbai, New York, San Francisco, Singapore, and Washington, DC. About Native Americans in Philanthropy For over 30 years, Native Americans in Philanthropy (NAP) has promoted equitable and effective philanthropy in Native communities. We do this through leadership development, education, research, and strategic partnerships with funders and philanthropic organizations. The cornerstone of our work is our relatives and our networks. NAP supports several communities of stakeholders that work together to build knowledge, community, priorities, and power in the sector. These networks include Native professionals in philanthropy, elected Tribal leaders, Native youth leaders, Native philanthropic executives and board members, Native nonprofit leaders, and allies. CONTACT: Liz London The Bridgespan Group 646-562-8906
CBS News
21-05-2025
- General
- CBS News
St. Paul renames sacred Dakota sites Bruce Vento Nature Sanctuary, Indian Mounds Regional Park
On recommendation of the Tribal Nations, the city of St. Paul announced Wednesday two culturally significant and sacred Dakota sites will be renamed. Effective immediately, the city will refer to the area of Bruce Vento Nature Sanctuary and Indian Mounds Regional Park as Imniżaska, while the two sites will be individually referred to as Waḳaƞ Ṭípi and Wic̣aḣapi. A press release from the city writes, "this action reflects the city's commitment to preserving indigenous heritage and strengthening its long-standing partnership with Dakota leaders and communities." "We exist, first and foremost, because of our Dakota community, and we stand here today as a promise to honor that legacy and protect these ancestral homelands," said St. Paul Mayor Melvin Carter. "Our facilitation of these place name changes is more than a ceremonial renaming—it's an affirmation of our shared values and a promise to walk forward together with respect and commitment to restoring truth." "These names were never lost to the Dakota people," said Lt. Governor Peggy Flanagan. "Indigenous place names have always been known. What we're doing now is lifting up the language, the stories, and the sacred connections to this land so that everyone else can know them too." The city said in a press release that this renaming is "the result of years of intentional relationship building between St. Paul Parks and Recreation and the four Tribal Historic Preservation Offices of the Prairie Island Indian Community, Shakopee Mdewakanton Sioux Community, Lower Sioux Indian Community, and Upper Sioux Community. Officials say renaming was Dakota-led, but the process was facilitated by the Executive Director of Waḳaƞ Ṭípi Awaƞyaƞkapi Maggie Lorenz. "I remember coming to Indian Mounds when I was little with my cousins, and I remember exploring the caves in Saint Paul and listening to my grandma, mom, and aunties tell me that these were our sacred places," Lorenz said. "Being able to support the Tribes in this effort to not only rename but also redesignate these places from parks to a cultural landscape is a huge step toward bringing broader community respect and awareness to these culturally important places in Saint Paul." Parks' Division of Design and Construction say it will implement the name change across all sites with physical signage and plan to install that signage within the coming months. Officials also say the signage for Waḳaƞ Ṭípi will include variations of the place name to honor the diversity of Dakota ways of knowing and speaking. "Restoring the Dakota names of these sacred sites within the Saint Paul park system is a meaningful and necessary step in recognizing the deep and enduring connection between the Dakota people and this land," added Saint Paul Parks and Recreation Director Andy Rodriguez. "We honor this moment while reaffirming our commitment to continued partnership with Tribal Nations and the Saint Paul American Indian community to ensure our city's natural spaces reflect and respect Dakota heritage."
Yahoo
28-04-2025
- Yahoo
Do you need reservations to enter national parks? These parks require them in 2025
National park trips require planning. Period. But some of America's most popular parks also require reservations, particularly during their busy season: summer. Most requirements are similar to last year, with a few exceptions. It's not yet clear whether Mount Rainier National Park, in Washington, will bring back the timed-entry system it piloted last summer. 'No decisions have been,' according to the central trip planning and reservation site for more than a dozen federal agencies, including the National Park Service. Yosemite National Park, in California, also required vehicle reservations last summer but has not yet revealed plans for this year. The park's website says details are expected 'in the near future.' Here are the national parks definitely requiring reservations in 2025. Where: Maine What: Vehicle reservations are required to drive along Cadillac Summit Road during its busiest time of year. When: May 21 – Oct. 26 How to get them: Reservations are only available on Less than a third of them are released 90 days in advance. The bulk of reservations are released two days before intended visits. Visitors should note there are two types of vehicle reservations. Sunrise reservations have a 90-minute entry window, while daytime reservations have a 30-minute entry window. Cost: $6 per vehicle. A separate park entrance fee or valid park pass is also required. Visiting a national park after layoffs? What to know before you go Where: Utah What: Time-entry tickets are required for all vehicles entering Arches between 7 a.m. and 4 p.m. When: April 1 - July 6, Aug 28 - Oct. 31 How to get them: Many reservations are already available on October reservations will be released on May 1. Additional tickets become available at 7 p.m. nightly for next-day visits. Cost: $2 per vehicle. A separate park entrance fee or valid park pass is also required. Exceptions: The park says timed-entry tickets are not required for visitors "with camping, backcountry, Fiery Furnace, or special use permits; nor those with concessions contracts, commercial use authorizations, or academic fee waivers; nor people from associated Tribal Nations.' Where: Montana What: Timed-entry reservations are required for vehicles entering Going-to-the-Sun Road from the west or North Fork from 7 a.m. to 3 p.m. When: June 13 - Sept. 28 How to get them: Reservations are released 120 days in advance on Additional tickets become available at 7 p.m. nightly for next-day visits. Cost: $2 per vehicle. A separate park entrance fee or valid park pass is also required. Exceptions: "Visitors with lodging, camping, or commercial activity reservations (e.g., boat tours and horseback rides) within the specified reservation areas can use proof of their reservation for entry instead of a vehicle reservation,' according to the park. Where: Hawaii What: Reservations are required for every vehicle entering the park for sunrise between 3 a.m. and 7 a.m. When: Year-round How to get them: Summit-sunrise reservations are released 60 days in advance on Additional reservations are released two days ahead of intended visits. Cost: $1 per vehicle. A separate park entrance fee or valid park pass is also required. Where: Colorado What: Timed-entry reservations are needed to access Rocky Mountain Park during the busiest times of its most popular season. There are two different types to choose from: Timed Entry (which covers most of the park) and Timed Entry + Bear Lake Road (which covers the entire park including Bear Lake Road). When: Timed Entry reservations are required from 9 a.m.- 2 p.m between May 23 - Oct. 13 to access everything but Bear Lake Road. Visitors who also want to access Bear Lake Road will instead need Timed Entry + Bear Lake Road reservations, which are required from 5 a.m.- 6 p.m. between May 23 - Oct. 19. How to get them: Both types of reservations will be available on The first batch will be released on May 1 for visits through June. July reservations will be released on June 1. August reservations will be released on July 1 and so on. Additional reservations will become available at 7 p.m. nightly for next-day visits. Cost: $2 per vehicle. A separate park entrance fee or valid park pass is also required. Where: Virginia What: Day-use tickets are required to hike Old Rag Mountain most of the year. When: March 1– Nov. 30 How to get them: Tickets are available on Half of them are released 30 days in advance of intended visits. The other half are released 5 days in advance. Cost: $2 per person. A park entrance fee or valid park pass is also required. Where: Utah What: Permits are required to hike Angels Landing all year long. When: Year-round How to get them: Permits are available by seasonal lottery or day-before lottery on This year's spring and summer lotteries have already closed, but hopeful hikers can still enter a different lottery the day before their intended hike. Registration for the fall lottery opens on July 1. Cost: $6 non-refundable lottery fee for up to 6 people plus a $3 permit fee per person. A separate park entrance fee or valid park pass is also required. This article originally appeared on USA TODAY: See which national parks require reservations
