The Ninth Circuit rejected Kalshi’s effort to expand nationally regulated sports contracts, ruling in favor of California tribes Blue Lake Rancheria and Chicken Ranch. The decision blocks Kalshi’s proposed market expansion and reinforces the tribes’ regulatory authority, carrying significant implications for who can offer and control wagering-like contracts under federal oversight.
The U.S. Court of Appeals for the Ninth Circuit has handed Kalshi another loss in its bid to offer sports contracts under federal regulation nationwide. The Blue Lake Rancheria and Chicken Ranch... The post Another One: Kalshi Takes Second Ninth Circuit Loss As CA Tribes Win Appeal appeared first on Legal Sports Report.
Curated by Taleb Kabbara · Source: www.legalsportsreport.com
Kalshi, Blue Lake Rancheria, Chicken Ranch
Kalshi: Kalshi is a trading platform that sought to offer sports contracts under federal regulation nationwide.
Blue Lake Rancheria: Blue Lake Rancheria is a California Native American tribe that won its appeal related to Kalshi's attempt to offer sports contracts.
Chicken Ranch: Chicken Ranch is a California Native American tribe that joined Blue Lake Rancheria in winning the appeal against Kalshi concerning the offering of sports contracts.
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