Tunica-Biloxi Tribe Launches Kalshi-Powered Prediction App as 2 California Tribes Win Court Block
Updated
Updated · The New York Times · Sep 18
Tunica-Biloxi Tribe Launches Kalshi-Powered Prediction App as 2 California Tribes Win Court Block
2 articles · Updated · The New York Times · Sep 18
Summary
Tunica-Biloxi, a Louisiana tribe of about 1,600 members, plans to announce Friday a prediction-market app powered by Kalshi and owned and operated by the tribe.
The app would let customers bet on real-world events, pushing the tribe into a fast-growing market that Kalshi says is a federally regulated event-contract business rather than gambling.
That expansion comes as nearly two dozen states have sued Kalshi and other prediction-market firms, arguing they evade gambling laws and billions of dollars in tax revenue.
A federal appeals court panel on Wednesday also blocked Kalshi from offering contracts in the territories of 2 California tribes that had not authorized the business, underscoring the split among tribes over prediction markets.