CNIGA Chairman James Siva rejected a CFTC offer of tribal market access as a divide-and-conquer tactic that changes nothing. The rejection followed a Ninth Circuit ruling one day earlier that found sports-event contracts meet the definition of Class III gaming. Tribal leaders including Siva met CFTC officials Sept. 14 and afterward called on the agency … Read more
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
CNIGA’s letter asks the Senate to bar federally designated commodity markets from listing sports and casino-style event contracts. California voters rejected sports betting twice in 2022, yet Kalshi, a federally regulated exchange, still sells sports contracts to residents. Three California tribes have a related appeal against Kalshi pending at the 9th Circuit, argued in July … Read more
Voters, judges, regulators: for years the state’s most powerful gaming interest has thrown everything at its only in-state competitors and come up empty. After the June 30 ruling, five doors remain open, and none of them is easy. SACRAMENTO — In most fights over gambling money, the side with $12 billion beats the side with … Read more