SectorWire
SearchRegister
MenuClose

Maryland tribes oppose Kalshi’s bid to block regulator’s sports-contract order

Regulation

Tribal organisations representing 27 federally recognised tribes filed an amicus brief in Maryland federal court opposing Kalshi’s request to block the Maryland Lottery and Gaming Control Commission’s cease-and-desist order. The commission says Kalshi’s sports event contracts amount to sports wagering and require a state licence; Kalshi argues they are federally regulated derivatives. The court is expected to rule on Kalshi’s request later this summer.

The court’s decision could determine whether Kalshi can offer sports event contracts in Maryland while the case proceeds.

Request a correction

Flag an issue

Keep reading

Regulation

California court denies tribes’ bid to bar Kalshi from tribal lands

A US district court in California denied three tribes’ motion to stop Kalshi operating on tribal lands, ruling that the plaintiffs had not shown a likelihood of success on their Indian Gaming Regulatory Act claim. The tribes had argued that Kalshi’s offerings violated the law; the court said the record did not support the requested relief. The case is among several legal challenges to Kalshi’s prediction markets across the United States.

Continue reading