Kalshi Inc. escaped a a challenge from three tribes to at least temporarily bar the prediction market from offering sports-related trading on their lands in California.
The tribes—Blue Lake Rancheria, Chicken Ranch Rancheria of Me-Wuk Indians, and Picayune Rancheria of the Chukchansi Indians—didn’t prove a likelihood of success on their arguments Kalshi was unlawfully offering and advertising a certain class of gaming on federally-recognized tribal lands through the market KalshiEX LLC, Judge
She denied the tribes’ motion for a preliminary injunction Monday over sports-event contracts, which let people trade on yes-no outcomes of future occurrences. ...