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California sports betting proponents amend initiative proposals

Regulation

Proponents of a California sports betting initiative filed amendments that increase the revenue share for non-gaming tribes to 25% and require in-person registration for two years. The proposals would allow mobile registration within 10 miles of tribal casinos, with wagering starting no earlier than 1 July 2025; tribal support is not assured.

The amendments change proposed tribal revenue shares and registration rules that would shape any future California mobile betting market.

End-of-day close DraftKings (DKNG), USD, to 19 January 2024
Story date23 October 202319 January 2024

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Federal judge bars Kalshi sports contracts on suing California tribes’ lands

US District Judge Jacqueline Scott Corley granted a preliminary injunction in Blue Lake Rancheria v. Kalshi in California on Wednesday. The order bars Kalshi from offering sports contracts on the plaintiff tribes’ lands and requires the tribes to provide boundary maps by 13 November; Kalshi must report its compliance steps within 21 days.

A San Francisco federal judge has blocked Kalshi from listing sports event contracts on land belonging to the California tribes that are suing it. Judge Jacqueline Scott Corley, who sits in the Northern District of California, granted the tribes a preliminary injunction on Wednesday in the case Blue Lake Rancheria v. Kalshi.

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