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Nevada gaming regulator urges states and tribes to oppose prediction markets

Regulation

Nevada Gaming Control Board chair Mike Dreitzer urged states and tribes to act together against sports betting prediction platforms, speaking at the Indian Gaming Association conference in San Diego. He said Nevada had obtained restraining orders against Kalshi and others to prevent them operating in the state, and argued the issue should be decided by states and tribes as court proceedings continue.

The dispute concerns whether prediction platforms can operate in Nevada and how states and tribes assert jurisdiction over them.

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Deals & M&A

Four Native American tribes plan prediction market apps with Kalshi

Four Native American tribes plan to launch prediction market apps with Kalshi. Kalshi said the model could extend prediction markets to smaller, remote communities.

Kalshi has secured agreements with four tribes to release prediction market applications under tribal branding, according to the company. The group comprises three California tribes alongside a single Oklahoma tribe. Under the arrangement, Kalshi supplies the exchange infrastructure and handles clearing of trades, whereas the customer-facing portion of every app stays under tribal ownership and control.

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