Native American Tribes Claim Kalshi Prediction Markets ‘Siphon’ Money From Casinos – Decrypt
In brief Connecticut ordered Kalshi, Robinhood, and Crypto.com to halt unlicensed online gambling operations. A group of 16 tribes argued that prediction markets violate the Indian Gaming Regulatory Act by operating on tribal lands. The prediction market industry has grown to $6 billion in weekly volume, with Kalshi valued at $11 billion. Connecticut Indian tribes...
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