Alabama-Quassarte Tribe Sues Kalshi Over PokkeTrades Deal
The Alabama-Quassarte Tribal Town has sued Kalshi over a proposed prediction market app, saying that the agreement behind the project was approved by someone without authority to represent the tribe. The lawsuit seeks to block the launch of PokkeTrades and questions the legality of the business deal. Alabama-Quassarte Leadership Battle Threatens Kalshi’s PokkeTrades Launch The lawsuit was filed October 30 in Muscogee (Creek) Nation District Court . The lawsuit names defendants Kalshi , its CEO and co-founder Tarek Mansour , Wilson Yargee, and Michael Stopp . The lawsuit was brought by the tribal town and Samuel Marshall Jr. , who says he is the tribe’s rightful chief, as reported by The Oklahoman . The dispute revolves around a deal between Kalshi and Yargee for building PokkeTrades . The app is likely to operate on Kalshi’s prediction market infrastructure, enabling users to trade contracts tied to various events. The partnership was announced on October 7, with a launch scheduled for November. The Marshall administration says Yargee did not have the authority to sign the deal . The complaint claims the tribal governing committee never approved or formally ratified the deal. The plaintiffs also say that Yargee was removed from office in
