Prediction markets innovation claims questioned by tribal, state gaming regulators
Photo: CDC Gaming Reports
Prediction markets have moved into the mainstream, bolstered by a large consumer appetite for sports-event contracts and a friendly regulatory scheme with the Trump administration. Kalshi and other companies argue that their sports-event contracts, which they claim meet the legal definition of a swap, are innovative, a position disputed by tribal-gaming lobbyists, lawyers, and state regulators. Jason Giles, executive director of the Indian Gaming Association (IGA), questioned what several tribes that have signed deals with Kalshi are getting out those agreements.
Source: CDC Gaming Reports
