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Kalshi loses in the Ninth Circuit (again) to the California Tribes

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The Ninth Circuit ruled 3-0 that Kalshi's sports-event contracts are Class III Gaming under IGRA and not shielded by UIGEA, reversing the district court's preliminary injunction denial.

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Appeals court reverses district court’s denial of Tribes’ Motion for preliminary injunction, rules that sports-event contracts are Class III Gaming under IGRA and are not shielded by UIGEA. 3-0.

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