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Prediction markets spark new fight with California casino tribes, Capitol Weekly reports
- Prediction markets spark new fight with California casino tribes, Capitol Weekly reports — Capitol Weekly reports that prediction markets such as Kalshi and Polymarket have upended sports gaming in California, allowing operators including DraftKings and FanDuel, which launched prediction products in late 2025, to reach the state without tribal cooperation. Multiple states have filed enforcement actions or lawsuits arguing the platforms are illegal unlicensed gambling, while the CFTC argues states cannot override federal derivatives regulation. (Capitol Weekly)
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