New Mexico tribes sue Kalshi over sports prediction markets
Four New Mexico tribes and pueblos allege Kalshi’s sports prediction market violates tribal gaming compacts, federal law and tribal sovereignty
The Mescalero Apache Tribe and the Pojoaque, Sandia and Isleta pueblos filed a lawsuit against prediction market platform Kalshi, alleging the company enables sports gambling on tribal land in violation of tribal gaming compacts and federal law, according to reporting by Source NM. The lawsuit alleges Kalshi allows users 18 and older to place sports-related wagers in New Mexico, despite tribal gaming compacts limiting gambling at tribal casinos to people 21 and older.
According to Source NM, the lawsuit argues Kalshi should have created a geofence to block use of the platform within tribal boundaries. Tribal leaders said the platform diverts gaming revenue used to fund schools and other tribal services. Sandia Pueblo Gov. Stuart Paisano was quoted in a statement as saying that the markets provide “an end-run around regulation of gaming on our lands.” The lawsuit follows similar litigation filed last year by the Ho-Chunk Nation in Wisconsin against Kalshi.
- 1.Source NM.
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