Four US Native American tribes launch prediction market app with Kalshi
- —The tribes plan to use app revenue for water and public services
- —Tribal gambling revenue topped $46.2 billion in 2025
- —Sports contracts account for more than 80% of prediction market volume
- —Courts are split: California tribes won an appeal, while a Wisconsin court declined to halt Kalshi
Why it matters: The dispute over whether state and tribal gambling rules apply to prediction markets could shape their regulation across the US.
Source: CoinDesk Japan