Kalshi seeks dismissal of Ho-Chunk Nation lawsuit in Wisconsin
Kalshi asked a federal judge in Wisconsin to dismiss the Ho-Chunk Nation’s lawsuit, reportedly. Kalshi argues its sports event contracts are federally regulated derivatives rather than gambling; the tribe says they infringe its claimed exclusive rights to Class III gaming on its land. The judge has not ruled on the tribe’s request for a temporary restraining order.
The lawsuit tests whether Kalshi’s federally regulated contracts can operate amid a tribe’s claim to exclusive gaming rights.