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California tribes sue Kalshi and Robinhood over prediction-market contracts

Regulation

Three California tribes reportedly sued Kalshi and Robinhood in federal court, seeking to bar their sports-event contracts on tribal lands. The Indian Gaming Association held a webinar on prediction markets, while its executive director and other participants discussed regulatory and tribal-sovereignty concerns.

The lawsuit challenges the availability of sports-event contracts on tribal lands and may shape jurisdictional disputes over prediction markets.

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Regulation

California tribes consider legal action and market entry over prediction markets

California tribal leaders met in San Diego in December to discuss responses to prediction-market operators, according to reports. California Nations Indian Gaming Association chairman James Siva said Attorney General Rob Bonta would join amicus briefs and file a state lawsuit; tribal leaders are also considering entering the market if legal or legislative efforts fail. A northern California tribes’ preliminary injunction request was denied.

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