Kalshi Ruling Backs California Tribes in Ninth Circuit Win

Kalshi Ruling Backs California Tribes in Ninth Circuit Win

A three-judge panel ruled 3-0 that federal Indian gaming law treats Kalshi’s sports contracts as Class III gaming. Blue Lake Rancheria in Humboldt County and Chicken Ranch Rancheria in Tuolumne County brought the case. California Attorney General Rob Bonta and 26 other states backed the tribes in a joint brief. The case returns to a … Read more

Inside The Tribal $44 Billion Defense Fund Against Prediction Markets

IGA's $44B Defense Fund vs Kalshi

The Indian Gaming Association announced a national legal defense fund at its April convention in San Diego, organized against Kalshi, Polymarket, and the broader prediction-market industry. Tribal gaming generated nearly $44 billion in 2024.