CFTC Prediction Market Offer Rejected By California Tribes

CFTC Prediction Market Offer Rejected By California Tribes

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

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

CLARITY Act Nears Senate Recess With No Tribal Carve-Out

CLARITY Act Nears Senate Recess With No Tribal Carve-Out

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

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.