Wire · regulatory
US appeals court blocks Kalshi from offering event contracts on Native American lands
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Fusion42 · 18 September 2026 · Fusion42 review
A US appeals court has blocked Kalshi from offering sports event contracts on the lands of two California Native American tribes, citing violations of the Indian Gaming Regulatory Act and tribal gaming ordinances. This marks a second recent legal setback for Kalshi amid ongoing disputes over whether prediction markets are regulated as gambling or financial markets.
This Wire brief sits within Fusion42's coverage of Fintech, and 11 sources have reported it between 28 Aug 2026 and 25 Sep 2026.
◆ ◆ The Wire takeaway
Kalshi's legal block on tribal lands warns you that tribal sovereignty and state cooperation can sharply limit where you run event contracts. You need to secure clear regulatory cover or lose access to sizeable Native American markets now.
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11 sources · first reported 28 Aug 2026 · latest 25 Sep 2026
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