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Alabama-Quassarte Tribal Town sues Kalshi over PokkeTrades agreement

Regulation

The Alabama-Quassarte Tribal Town and Samuel Marshall Jr. filed a lawsuit against Kalshi and three other defendants on 30 October in Muscogee (Creek) Nation District Court, seeking to stop PokkeTrades’ launch. The plaintiffs say Wilson Yargee lacked authority to sign the deal; Kalshi says the agreement is valid and that a tribal council approved it.

The suit challenges whether Kalshi can proceed with the proposed app under the disputed agreement.

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Kalshi CEO defends federal oversight as sports-contract revenue share falls to 65%

Kalshi chief executive Tarek Mansour said he remained confident in the company’s legal position as conflicting federal appeals rulings and New Jersey’s Supreme Court petition raise the prospect of review in the USA. He said sports contracts, which made up roughly 95% of Kalshi’s revenue nine months earlier, now account for about 65%.

Kalshi chief executive Tarek Mansour said he remains confident in the company's legal position as conflicting federal appeals rulings and New Jersey's Supreme Court petition raise the prospect of review in the USA. Speaking on a Reuters podcast, Mansour said the process would play out as it would.

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