The Gambling Wire: California Tribes Win Kalshi Injunction as CFTC Challenges Geographic Restrictions
Photo: Pixabay (illustration)
A federal judge blocked Kalshi sports contracts on two California tribes’ lands. Meanwhile, the CFTC ordered exchanges to remove geographic restrictions, and DraftKings ramps up prediction market spending. A federal judge has granted two California tribes an injunction against Kalshi, barring the platform from offering sports event contracts on the tribes’ lands. The ruling marks a significant development in the fight between tribal gaming interests and prediction markets. At the same time, the Commodity Futures Trading Commission (CFTC) issued guidance requiring prediction markets to offer impartial national access despite recent court rulings.
Source: Gambling Insider
