Ho-Chunk Nation sues Kalshi & Robinhood in federal court
The complaint seeks declaratory relief, an injunction & money damages against both companies.
The hit
The Ho-Chunk Nation has filed a federal lawsuit against Kalshi & Robinhood, according to court filings on CourtListener. The complaint seeks declaratory & injunctive relief plus money damages, with exhibits including an Instagram post, a sponsored TikTok video, Kalshi’s App Store listing & social media comments.
Why it matters
The docket does not yet set out the Ho-Chunk Nation’s legal theory beyond the exhibits filed with the complaint.
The record
| Case filed | 3:25-cv-00698, Ho-Chunk Nation v. Kalshi Inc. (CourtListener) |
|---|---|
| Defendants named | Kalshi Inc, KalshiEX LLC, Robinhood Derivatives LLC & Robinhood Markets Inc |
| Evidence exhibits | Instagram post (23 January 2025), sponsored TikTok video (19 July 2025) |
What happens next
Kalshi & Robinhood’s answers are due 21 November 2025, under waivers of service filed in the case, with Magistrate Judge Anita Boor assigned to it.
Sources: Ho-Chunk Nation v. Kalshi Inc., 3:25-cv-00698 – CourtListener
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