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
California makes you 21 to play a cardroom or most tribal casinos, and it has no legal sportsbook at any age. But an 18-year-old here can open a Kalshi account and trade sports event contracts, including on college football, because the federally regulated exchange sets its floor at 18, not 21. SACRAMENTO, Calif. — An … Read more
Twelve senators, including both from California, asked Senate committees July 17 for an IGRA savings clause and an event-contract ban. Senate bill 4160, the standalone measure that would supply that ban, protects state law but never mentions IGRA or tribal compacts. The CLARITY Act carries neither protection, and the Senate leaves Aug. 10 and does … Read more
A wave of insider-trading cases, from a soldier who bet on a classified military operation to Trump’s teleprompter operator, has made prediction markets a federal enforcement target. California moved on the risk months before the scandals broke. WASHINGTON — The people getting caught are what make the story. An Army master sergeant with a security … Read more
Ferran Torres ended it in extra time, Lionel Messi walked off without a repeat, and the biggest betting event in prediction-market history closed with a final worthy of its volume. EAST RUTHERFORD, N.J. — The tournament that broke every betting record saved its coldest sweat for last. Spain and Argentina played 105 scoreless minutes at … Read more
The 2026 World Cup will crown its champion Sunday afternoon at MetLife Stadium, and by any traditional measure, it has already been the biggest betting event in American history. But the record that matters most was not set at a sportsbook. It was set on the prediction markets, where more money has changed hands on … Read more
He told the Lakers he is leaving, and the money moved instantly. Traders on Kalshi and Polymarket have staked tens of millions on his next uniform, and after a wild week the smart money says he is going home. LOS ANGELES – The most expensive question in basketball right now is not who wins the … 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