California Tribes Sue Kalshi and Robinhood

Kalshi Hit With Lawsuit In California, Polymarket to Return

As Polymarket makes a high-profile return to the U.S. market with full regulatory approval, Kalshi is now under fire in California federal court. These two developments underscore the fates of America’s top prediction market platforms. SACRAMENTO, Calif. – Three federally recognized California tribes – Blue Lake Rancheria, Chicken Ranch Rancheria, and Picayune Rancheria – filed a lawsuit Tuesday against Kalshi and its distribution partner Robinh…

California Tribes Sue Kalshi and Robinhood

The tribes say Kalshi’s event contracts are "nothing more than illegal, unregulated wagers on the outcomes of sporting events.”

California tribal trio file joint lawsuit against Kalshi and Robinhood

Three California tribes have launched legal action against Kalshi and Robinhood over allegations of unauthorized sports betting.  The Blue Lake Rancheria, the Chicken Ranch Rancheria of Me-Wuk Indians, and the Picayune Rancheria of the Chukchansi Indians have collaborated to file a joint lawsuit against the duo.  All three tribes harbor concerns because both Kalshi’s and Robinhood’s sports event contracts are being traded on the tribes’ respecti…

Indian Tribes sue Kalshi, Robinhood for illegal sports gambling

Three Indian Tribes have filed a lawsuit against Kalshi and Robinhood to prevent them from engaging in illegal sports gambling on the Tribes’ respective reservations. The post Indian Tribes sue Kalshi, Robinhood for illegal sports gambling appeared first on FX News Group.