Four more tribal nations are entering the prediction market business, joining a growing number of tribes turning to federally regulated event contracts as a new source of revenue.

The Alabama-Quassarte Tribal Town (Oklahoma) is launching PokkeTrades; the Greenville Rancheria (California) is launching Greenville; the Kletsel Economic Development Authority (KEDA), the economic development arm of the federally recognized Kletsel Dehe Wintun Nation (California), is launching Sovereign Edge; and the Alturas Indian Rancheria (California) is launching AIR Markets, Inc. Each is an independent prediction market app powered by Kalshi.

The apps share the same ownership model. In each case, the tribe owns the app and controls the customer-facing part of the business: the brand, the marketing, the application, and the relationship with users. Kalshi operates the exchange layer beneath each platform under federal regulation, providing the matching, clearing, custody, and market surveillance that every trade depends on, much like a payments processor that sits underneath a bank’s app without owning the bank.

“More tribes are recognizing that federally regulated prediction markets offer a real path to new, sustainable revenue,” said Kalshi CEO Tarek Mansour. “Prediction markets and Tribal economic development don’t have to be at odds. They can grow together. Each of these tribes owns its platform, its brand, and its relationship with customers, backed by the liquidity of a unified, nationwide exchange. The future of this industry doesn’t have to be organized around conflict. It can be organized around opportunity, with Tribal nations participating as owners and helping shape what it becomes.”

Headquartered in Wetumka, Oklahoma, the Alabama-Quassarte Tribal Town is a federally recognized sovereign nation whose people rebuilt their community following forced removal from their southeastern homelands. Today, the Tribal Town pursues economic development through tribally owned enterprises to support its citizens and future generations. PokkeTrades builds on those efforts, providing a way to diversify revenue through a digital enterprise connected to federally regulated prediction-market infrastructure.

“Geography has kept many tribes from sharing in the prosperity that gaming created,” said Chief Wilson Yargee of the Alabama-Quassarte Tribal Town. “Prediction markets offer an opportunity to reach beyond those limits and build revenue for our people. We will respect every other tribe’s authority on its land, and we expect the same respect for our authority to make this decision.”

“Prediction markets are part of the economic future, and tribes left out of lucrative gaming markets deserve a chance to participate,” said Michael Stopp, citizen of the Cherokee Nation and VP of Economic Development, Alabama-Quassarte Tribal Town. “These markets offer tribes a chance to participate in an emerging industry, especially those whose geography has limited revenue generation. Respect for tribal sovereignty means respecting each nation’s right to evaluate that opportunity and decide what best serves its citizens. Sovereignty cannot mean protecting opportunity for the haves while closing the door on the have-nots.”