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Legal
July 23, 2025
California Tribes Strike Against Kalshi and Robinhood
Three Native American tribes in California have joined forces against the rapidly growing prediction markets sector, launching a lawsuit against two of the most prominent operators of such products. The Tribes Are Unhappy with Kalshi and Robinhood’s Presence The Blue Lake Rancheria, the Chicken Ranch Rancheria of Me-Wuk Indians, and the Picayune Rancheria of […]
Sports
July 21, 2025
Kalshi Says Betting Marketing Doesn’t Mean the Company Offers Gambling
Kalshi has been adamant about where it stands on sports gambling and betting in general – the platform is not it if you are looking for a gambling company. However, if you want to place a bet on the outcome of an event, Kalshi is the right place to be. Fundamental Difference in What Kalshi […]
Legal
July 10, 2025
Tribal Groups Use Supreme Court Ruling to Expand Legal Fight Against Kalshi
The legal battle over Kalshi, a fast-growing prediction market platform, has heated up as tribal groups point to a recent US Supreme Court decision to strengthen their case. Tribes Say SCOTUS Ruling Exposes Gaps in CFTC Oversight In a July 1 filing, over 65 tribes and tribal organizations argued that the Supreme Court’s June 27 […]
Sports
June 27, 2025
Prediction Market Kalshi’s Value Hits $2B After Major Funding Round
Kalshi, a prediction market platform based in New York, has pulled in $185 million in a fresh Series C funding round, pushing its worth up to $2 billion. This cash injection stands as a big step for the company as it aims to become a key player in the world of financial and event betting. […]
Sports
June 25, 2025
Tribes Challenge Kalshi’s Sports Betting in Maryland Case
A coalition of 27 federally recognized tribes, along with seven tribal associations, has entered the legal battle between prediction exchange platform Kalshi and the state of Maryland by submitting an amicus brief. Kalshi’s Contracts Allegedly Threaten Tribal Gaming Operations They argue that Kalshi’s sports event contracts effectively operate as illegal sports wagers, a position mirroring […]
Industry
June 24, 2025
Tribes Back Maryland’s Regulator in Its Legal Battle with Kalshi
A growing number of tribes is taking a stance in the legal battle surrounding Kalshi’s sports event contract offerings, this time in Maryland’s federal court. Several national and regional tribal organizations, representing twenty-seven federally recognized tribes, have filed an amicus brief opposing Kalshi’s court plea for a preliminary injunction against the Maryland Lottery and Gaming […]
Industry
June 24, 2025
Tribal Leaders Push Back Hard Against Kalshi
US tribal leaders remain strongly opposed to Kalshi’s sports prediction markets, refuting the platform’s assertions that it maintains constructive dialogue with tribal nations. They decried Kalshi’s attempts at communication as dismissive and disingenuous, remaining adamant that Kalshi’s offerings represent illegal gaming that threatens regulated operators and erodes tribal gaming rights. The Rift Between Kalshi and […]
Industry
June 18, 2025
States, Tribes, and Industry Groups Join NJ in Legal Dispute Against Kalshi
Groups filing amicus briefs against prediction markets giant Kalshi continue to grow in number as 34 state attorneys general, several tribes, the American Gaming Association (AGA), and more side with the state of New Jersey. New Actors Join New Jersey in Legal Dispute Against Kalshi The legal dispute started when Kalshi filed a lawsuit in […]
Sports
June 17, 2025
FanDuel Reportedly Eyes Strategic Partnership with Kalshi
FanDuel has started early talks with Kalshi, a prediction market platform. This move suggests traditional sportsbooks might be adjusting to the quick changes in the sports betting market. FanDuel and Kalshi May Join Forces as Betting and Prediction Markets Converge Kalshi gained attention during the 2024 US Presidential election. It lets users trade on real-world […]
Casino
June 11, 2025
Senators Press Quintenz on Prediction Markets at CFTC Hearing
Brian Quintenz’s Senate hearing to become CFTC Chair kicked off heated discussions this week, with tribal gaming rights and the future of sports event contracts taking center stage. Senators used the meeting not just to evaluate Quintenz’s qualifications but also to question him about how the agency under his watch would deal with disputed prediction […]
