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New Mexico tribes sue Kalshi over sports event contracts

Regulation

The Mescalero Apache Tribe, Pueblo of Isleta, Pueblo of Pojoaque and Pueblo of Sandia sued Kalshi, alleging that its sports event contracts violate tribal gaming compacts. Separately, Minnesota lawmakers passed a bill that would ban specified prediction-market contracts, including contracts on sports and elections; the source does not state whether it has become law.

The lawsuit and Minnesota bill could affect the availability of sports prediction markets in those jurisdictions.

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Federal judge bars Kalshi sports contracts on suing California tribes’ lands

US District Judge Jacqueline Scott Corley granted a preliminary injunction in Blue Lake Rancheria v. Kalshi in California on Wednesday. The order bars Kalshi from offering sports contracts on the plaintiff tribes’ lands and requires the tribes to provide boundary maps by 13 November; Kalshi must report its compliance steps within 21 days.

A San Francisco federal judge has blocked Kalshi from listing sports event contracts on land belonging to the California tribes that are suing it. Judge Jacqueline Scott Corley, who sits in the Northern District of California, granted the tribes a preliminary injunction on Wednesday in the case Blue Lake Rancheria v. Kalshi.

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