Two competing factions within the Alabama-Quassarte Tribal Town have issued contradictory statements about the tribe's agreement with Kalshi, casting doubt over one of the exchange's central strategies for expanding its footprint through Native American partnerships.
The dispute is internal. One faction says the agreement is valid and proceeding. The other says it was not authorised under tribal governance structures and carries no standing. Kalshi has not withdrawn from the arrangement.
The division matters beyond this single tribe. Kalshi has been actively recruiting tribal partners as a way to operate in jurisdictions where its federal authorisation runs into state-level resistance. If tribal governance disputes can be used to challenge or unwind those agreements, the strategy becomes harder to execute at scale, and the legal position of any contracts written under such partnerships becomes less certain.
Continue reading.
Matchbook acquires Betdaq to become Europe's second-largest exchange
New Zealand selects 11 bidders for 15 online casino licences
Houthi missiles strike Saudi capital after air raids on Yemen
New York bans AI-driven betting promotions without customer consent
A few more worlds
worth exploring.
From the FreeMalta ecosystem.
The AI Journey
Explore AI beyond the headlines. Tools, ideas and a place to start.
Explore the journey 02 / THE GARAGEThe Garage
The companies behind the names. Explore their stories and the people building them.
Open the garage 03 / THE DUELThe Duel
Two contenders. A closer look. Put products side by side before choosing.
Choose your duel 04 / MALTAINSIDERMaltainsider
Discover the B2B side of Malta. A different lens on business and opportunity.
Meet Maltainsider