US appeals court blocks Kalshi from offering event contracts on Native American lands
The 3-0 ruling says the tribes are likely to prove Kalshi’s contracts amount to unauthorized wagers under federal law and tribal gaming ordinances.
- On Wednesday, the Ninth Circuit ruled that Kalshi's sports event contracts likely violate California law by allowing wagers on tribal lands, handing the prediction market platform its second legal setback in less than a month.
- Blue Lake Rancheria and Chicken Ranch Rancheria of Me-Wuk Indians sued Kalshi and Robinhood over violations of the tribes' exclusive rights to manage sports betting on tribal lands, citing misleading 'Sports Betting: Legal in all 50 States on Kalshi' advertisements.
- Writing in Wednesday's unanimous opinion, Circuit Judge Margaret McKeown classified Kalshi's sports event contracts as class III gaming, noting that a $100 contract on the platform mirrors the stake and contingency of a $100 wager on traditional betting apps.
- Kalshi spokesperson Elisabeth Diana indicated the company may appeal, while tribal attorney Les Marsten called the decision 'a great victory for the tribes,' asserting the $44 billion company could have easily geofenced their reservations.
- A bipartisan coalition of 27 states supports the tribes' appeal, arguing a ruling for Kalshi would undermine their authority to stop illegal gambling, while analysts expect the U.S. Supreme Court to eventually determine who should regulate these prediction markets.
16 Articles
16 Articles
The Ninth Circuit finds Kalshi sports contracts on tribal lands likely violate federal law
The US Court of Appeals for the Ninth Circuit ruled Wednesday that Kalshi is likely violating federal law by allowing users to wager on sporting events from tribal land. The court held that two federally recognized California tribes, the Blue Lake Rancheria and Chicken Ranch Rancheria of Me-Wuk Indians, were likely to succeed on claims that Kalshi’s “event contracts” constitute unauthorized gaming under the Indian Gaming Regulatory Act (IGRA). I…
US appeals court blocks Kalshi from offering event contracts on Native American lands
A federal appeals court blocked Kalshi on Wednesday from offering sports event contracts on the lands of two California tribes, handing the largest U.S. prediction markets platform its second legal setback in less than a month.
Ninth Circuit rules for California tribes in Kalshi sports betting case
Kalshi suffered another court loss this week, this time regarding its ability to offer sports event contracts on tribal land. On Wednesday, the Ninth Circuit Court of Appeals found that two California tribes are likely to prevail in their claim that Kalshi’s sports event contracts violate the Indian Gaming Regulatory Act (IGRA), when offered to […]
Ninth Circuit Blocks Kalshi Sports Contracts on Tribal Lands
What Did the Ninth Circuit Rule Against Kalshi? A federal appeals court has blocked Kalshi from offering sports event contracts on the lands of two California tribes, adding another legal setback to the prediction market operator's fight over whether its sports products should be governed by federal derivatives law or state and tribal gaming rules. A three-judge panel of the Ninth U.S. Circuit Court of Appeals ruled unanimously that Blue Lake Ra…
Federal appeals court backs tribal authority in Kalshi sports-betting dispute
A federal appeals court has handed two California tribes a significant victory in their challenge to Kalshi, ruling that the company’s online sports event contracts likely violate federal Indian gaming law when accessed from tribal lands. In a unanimous decision issued Sept. 16, the U.S. Court of Appeals for the Ninth Circuit reversed part of […] The post Federal appeals court backs tribal authority in Kalshi sports-betting dispute first appeare…
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