Back to today’s briefing

Story perspectives

Ho-Chunk Nation Sues Kalshi Over Alleged Illegal Betting

9/3/2025

30 3

Summary

Story summary

The Ho-Chunk Nation of Wisconsin has sued Kalshi for allegedly running an illegal sports-betting platform, breaching various laws.
Kalshi contends its service functions as a financial exchange rather than gambling.
The lawsuit requests an injunction and damages, highlighting revenue losses for tribal casinos.
Robinhood is included in the suit, supporting Kalshi's defense.

1 of 1

Story summary

The Ho-Chunk Nation of Wisconsin has sued Kalshi for allegedly running an illegal sports-betting platform, breaching various laws.
Kalshi contends its service functions as a financial exchange rather than gambling.
The lawsuit requests an injunction and damages, highlighting revenue losses for tribal casinos.
Robinhood is included in the suit, supporting Kalshi's defense.