Ho-Nation seeks to amend Kalshi complaint, add Robinhood to tribal-land suit
The Ho-Nation filed a brief Friday, June 12 seeking to amend its complaint against Kalshi to add claims that the prediction market platform's 'false advertising' violates the Indian Gaming Regulatory Act. The Wisconsin tribe also asked a federal judge to order both Kalshi and Robinhood to stop offering sports event contracts within tribal territories, expanding the lawsuit's scope to include Robinhood's prediction market products. The case centers on jurisdictional conflicts between tribal gaming rights and platforms operating under CFTC oversight. The Ho-Chunk Nation's filing arrives as Kalshi faces parallel state and federal litigation in New Mexico, where Attorney General Torrez is pursuing gambling claims in state court while the CFTC pursues federal preemption against the same state action.
Kalshi must now defend tribal-land restrictions on three separate fronts: New Mexico state court, the CFTC's federal preemption docket, and Wisconsin federal court. Any ruling that affirms tribal gaming exclusivity over CFTC-registered contracts would force Kalshi to geofence additional markets or risk contempt.
Adds the Ho-Nation to New Mexico's Torrez and the CFTC's parallel federal preemption suits as the third active jurisdictional front seeking to limit Kalshi's sports event contracts, deepening the regulatory sandwich between tribal gaming rights and CFTC-registered platforms.