The Tunica-Biloxi Tribe of Louisiana became what Kalshi calls the first tribal nation in prediction markets through a partnership announced Sept. 18. SaltTrade Derivatives will run on conditional no-action relief from CFTC staff rather than the compact covering the tribe’s own casino. The California Nations Indian Gaming Association rejected a similar CFTC pathway for tribes … Read more
The proposed rule defines gaming to capture professional sports, keeping sports contracts inside the term rather than outside it. A state gambling ban would not count as unlawful activity, because the contract settles on the game itself. Final scores, point differentials, win-loss results and season-long statistics weigh against a public interest ban on sports contracts. … Read more
Act 247 adds one paragraph to state law, exempting mobile sports wagers from Wisconsin’s criminal definition of a bet. The three-count complaint asks the court to bar Gov. Tony Evers from negotiating compact amendments implementing the law. A third count calls the law’s tribal-server requirement a racial classification barred by the 14th Amendment. Each defendant … Read more