Ninth Circuit Narrows Kalshi’s Preemption Defense

Ninth Circuit Narrows Kalshi's Preemption Defense

The Ninth Circuit reversed a lower court’s denial of an injunction, siding with the Blue Lake Rancheria and Chicken Ranch Rancheria tribes against Kalshi. The panel held that on tribal land Kalshi’s sports-event contracts amount to Class III gaming, the category the Indian Gaming Regulatory … Read more

Kalshi Hit With Lawsuit In California, Polymarket to Return

Kalshi Hit With Lawsuit In California, Polymarket to Return

As Polymarket makes a high-profile return to the U.S. market with full regulatory approval, Kalshi is now under fire in California federal court. These two developments underscore the fates of America’s top prediction market platforms. SACRAMENTO, Calif. – Three federally recognized California tribes – Blue … Read more