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At the Global Gaming Expo, prediction markets remained the talk of the town – while the Global Gaming Awards once again honored the very best performers across the Americas region.
OIGA says sports event contracts threaten Tribal gaming rights and revenue, as Kalshi backs new apps for four Tribal ventures.
The Tunica-Biloxi Tribe of Louisiana unveiled plans to launch the first-ever Tribal prediction market app with Kalshi on September 18, following the issuance of a no-action letter from the CFTC.
According to attorney Daniel Wallach, the ruling creates an ‘intra-circuit split’ with a decision previously handed down in Wisconsin, which is currently on appeal to the Seventh Circuit.
The 750-room Fairmont Scottsdale Princess becomes the latest hospitality asset acquired by the tribal investment authority following additions in California.
According to the main stage panel, prediction markets have grown from a ‘niche financial product’ into ‘one of the most significant challenges’ currently facing Tribal sovereignty.
Magic Coins builds upon the supplier’s portfolio of Wheel of Fortune-branded titles, offering a multi-level progressive with five jackpot levels and three bonus features.
The Wisconsin casino will enter a cross-border market with Hard Rock Casino Rockford, which has accelerated its own hotel and convention expansion ahead of the new competition.
Following the Tunica-Biloxi Tribe’s partnership with Kalshi, does the deal mark a new era for Tribes, or is this a lone-wolf move that will attract derision from the rest of the industry?
The Louisiana Tribe intends to establish a new subdivision – SaltTrade Derivatives – which will focus on providing software for trading event contracts offered by Kalshi.
