Four Native American tribes have launched prediction apps in partnership with Kalshi, exposing a growing split between tribes seeking new digital income and those who say prediction markets threaten traditional casino revenues.
The Alabama-Quassarte Tribal Town in Oklahoma has introduced PokkeTrades, while three California tribes have launched separate platforms. Kletsel Dehe Wintun Nation’s economic arm, KEDA, introduced Sovereign Edge; Greenville Rancheria launched Greenville; and Alturas Indian Rancheria launched AIR Markets.
The announcements follow the launch last month of SaltTrade Derivatives by Louisiana’s Tunica-Biloxi Tribe, described as the first prediction market app created by a Native American tribe.
Each tribe owns its app, controls its branding, manages marketing and deals directly with customers. Kalshi operates the trading infrastructure, matching buyers and sellers, processing trades, holding funds and monitoring activity.
All four services connect to Kalshi’s national exchange, allowing users to trade within the same pool of buyers and sellers.
Michael Stopp, vice president for economic development at the Alabama-Quassarte Tribal Town, said the platforms could help communities whose location limited their ability to generate income.
“These markets offer tribes a chance to participate in an emerging industry, especially those whose geography has limited revenue generation,” he said.
The partnerships mark a change from the largely adversarial relationship between tribes and prediction market operators. Tribal casino gaming generated more than $46 billion in revenue in 2025, according to the National Indian Gaming Commission, and prediction platforms are competing for some of the same customers.
Kalshi and Polymarket, each valued at more than $20 billion, allow users to trade contracts linked to sports and other events through their mobile phones.
The expansion has been accompanied by lawsuits brought by tribes across the US. Kalshi is facing legal action from Blue Lake Rancheria in California, the Ho-Chunk Nation in Wisconsin and the Mescalero Apache Tribe in New Mexico, which allege that its sports contracts breach tribal gaming rights.
The tribes launching apps with Kalshi say the arrangements offer a way to earn revenue without constructing a casino. Income from tribal gaming remains concentrated: 9% of operations account for 56% of industry revenue, while more than half of venues generate less than 5%, according to a National Indian Gaming Commission report.
Eric Wright, chief executive of KEDA, said the digital market could provide an alternative route to economic development.
“The digital commodities marketplace gives us an opportunity to build beyond those limits,” he said. “Economic self-determination means having the authority to evaluate emerging opportunities and decide for ourselves what serves the long-term interests of our Nation.”
