By The Weekly Edge desk ·
Gambling Insider reported that the Ninth Circuit backed two California tribes on key aspects of their challenge to Kalshi and Robinhood on Wednesday. The outlet also reported that a proposal to change gambling tax deductions moved nearer to a House vote.
Kalshi and Robinhood face a Ninth Circuit ruling backing key aspects of two California tribes’ challenge.
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The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
The partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.
Coinbase must suspend Michigan prediction markets while Michigan withholds enforcement during compliance and related appeals.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
Coinbase’s withdrawal follows Michigan enforcement against sports event contracts that regulators consider unauthorised sports betting.