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Ho-Chunk Nation sues Kalshi and Robinhood over alleged sports betting

Regulation

Ho-Chunk Nation filed a lawsuit against Kalshi and Robinhood in Wisconsin federal court on 20 August 2025, alleging they offered unlicensed sports wagers on tribal lands. The tribe seeks to stop the activity and obtain damages and court rulings, and said Kalshi processed more than 5.2 million sports-contract trades worth about $1.6bn in 2025.

The case challenges whether the companies can offer sports event contracts on tribal lands without a gaming compact.

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Ho-Chunk Nation opens $705m casino in Beloit, Wisconsin

The Ho-Chunk Nation opened its $705 million casino in Beloit, Wisconsin, on Friday, 23 October, according to reports. The venue has at least 1,300 slot machines and is expected to generate more than $150 million in annual net winnings; the project has created 600 jobs, with another 900 expected when its hotel and conference centre are completed next year.

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