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Tunica-Biloxi Tribe partners with Kalshi on prediction markets

Deals & M&A

The Tunica-Biloxi Tribe of Louisiana said it is entering prediction markets through a partnership with Kalshi. Its SaltTrade Derivatives subdivision will use Kalshi’s infrastructure to develop a Tribal-owned trading app, following a conditional no-action letter from the Commodity Futures Trading Commission.

The partnership gives the Tribe a Kalshi-powered route to develop its own prediction-market trading app under a conditional CFTC letter.

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