JOURNAL ARTICLE

Native American Groups Back Legal Brawl With Kalshi, Robinhood.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Mason, Emily 3 of 3

Abstract

The article discusses a legal brief filed by various Native American groups in support of the Ho-Chunk Nation's case against prediction marketplace operator Kalshi Inc. and brokerage Robinhood Markets Inc. The tribes argue that gaming is essential for their economic survival and claim that the operations of Kalshi and Robinhood are illegal. The brief highlights the historical context of Native American gaming, which has been a significant source of revenue for tribes. Kalshi contends that its operations are federally regulated, which they believe overrides state and tribal authority. The article also notes that other tribes and states are taking legal action against Kalshi, while the prediction market sector continues to grow despite these challenges. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/01, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2026
  • Accession Number:190714879
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