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.

Bonta Promised DFS Enforcement Almost A Year Ago. Nothing Has Happened.

California DFS Enforcement Gap

California AG Rob Bonta declared daily fantasy sports illegal in July 2025 and pledged enforcement within weeks. Eleven months later, DraftKings, FanDuel, and the rest of the industry continue to operate in California as if the opinion never happened.