Federal Court Decision Favors Ho-Chunk Nation Against Kalshi
- On May 11, 2026, Judge William M. Conley ruled in favor of the Ho-Chunk Nation against Kalshi regarding Indian Gaming Regulatory Act (IGRA) violations.
- The ruling reverses a November 2025 decision in California where three tribes were denied similar relief.
- A RICO claim against Kalshi and Robinhood is included, with trial set for May 24, 2027.
- Kalshi argues its CFTC-regulated status preempts IGRA, citing exemptions from the Unlawful Internet Gambling Enforcement Act.
- Wisconsin Attorney General filed state lawsuits against Kalshi and others for violating state gambling laws.
The federal court’s decision marks a significant shift in legal outcomes concerning tribal gaming rights under IGRA, potentially impacting how sports event contracts are regulated on tribal lands. The ruling underscores ongoing legal challenges faced by platforms like Kalshi and Robinhood in navigating federal and state regulations on sports betting markets.
