US appeals court revives tribes' lawsuit against Kalshi sports contracts

• —The Ninth Circuit found that Kalshi's spread, totals, and parlay contracts are sports bets
• —The court rejected the argument that transactions are not on tribal lands, since the bet is placed where the customer is located
• —The ruling relies on the August KalshiEX v. Assad case under Nevada law
• —The Ninth Circuit's position conflicts with the Third Circuit's ruling in favor of Kalshi in New Jersey