ืžื•ืคืขืœ ืข"ื™

ืฉื•ืคื˜ ืคื“ืจืœื™ ื‘ื•ื•ื™ืกืงื•ื ืกื™ืŸ ืžืขื ื™ืง ืœืฉื‘ื˜ื™ื ืืช ื”ื ื™ืฆื—ื•ืŸ ื”ืจืืฉื•ืŸ ื‘ืžืกื’ืจืช IGRA ื ื’ื“ ื”ื™ืžื•ืจื™ ื”ืกืคื•ืจื˜ ืฉืœ Kalshi

ืฉื•ืคื˜ ืคื“ืจืœื™ ื‘ื•ื•ื™ืกืงื•ื ืกื™ืŸ ืงื‘ืข ื›ื™ ืœืื•ืžืช ื”ื”ื•-ืฆโ€™ืื ืง ื™ืฉ ืกื™ื›ื•ื™ ื’ื‘ื•ื” ืœื”ืฆืœื™ื— ื‘ื—ืกื™ืžืช Kalshi ืžื”ืฆืขืช ื—ื•ื–ื™ื ืขืœ ืื™ืจื•ืขื™ ืกืคื•ืจื˜ ื‘ืฉื˜ื— ืฉื‘ื˜ื™ ืžื›ื•ื— ื—ื•ืง ื”ืคื™ืงื•ื— ืขืœ ืžืฉื—ืงื™ ื”ื™ืžื•ืจื™ื ืฉืœ ืื™ื ื“ื™ืื ื™ื (IGRA), ื‘ืžื” ืฉื ืจืื” ื›ืคืกืง ื”ื“ื™ืŸ ื”ืจืืฉื•ืŸ ืžืกื•ื’ื• ื ื’ื“ ืžืคืขื™ืœืช ืฉื•ืงื™-ื”ืชื—ื–ื™ื•ืช.

ื ื›ืชื‘ ืข"ื™
ืฉืชืฃ
ืฉื•ืคื˜ ืคื“ืจืœื™ ื‘ื•ื•ื™ืกืงื•ื ืกื™ืŸ ืžืขื ื™ืง ืœืฉื‘ื˜ื™ื ืืช ื”ื ื™ืฆื—ื•ืŸ ื”ืจืืฉื•ืŸ ื‘ืžืกื’ืจืช IGRA ื ื’ื“ ื”ื™ืžื•ืจื™ ื”ืกืคื•ืจื˜ ืฉืœ Kalshi

ืขื™ืงืจื™ ื”ื“ื‘ืจื™ื

  • ื”ืฉื•ืคื˜ ืงื•ื ืœื™ ืคืจืกื ืืช ืคืกืง ื”ื“ื™ืŸ ื”ืคื“ืจืœื™ ื”ืจืืฉื•ืŸ ืœืคื™ IGRA ื”ืชื•ืžืš ื‘ืฉื‘ื˜ ื ื’ื“ Kalshi ื‘-11 ื‘ืžืื™ 2026.
  • ื”ื—ืœื˜ืช ื•ื™ืกืงื•ื ืกื™ืŸ ื”ื•ืคื›ืช ืชืงื“ื™ื ืžืงืœื™ืคื•ืจื ื™ื” ืžื ื•ื‘ืžื‘ืจ 2025, ืฉื‘ื• ื ื“ื—ืชื” ื‘ืงืฉืชื ืฉืœ ืฉืœื•ืฉื” ืฉื‘ื˜ื™ื ืœื—ืกื™ืžื” ื“ื•ืžื”.
  • ืชื™ืง ื”ื”ื•-ืฆโ€™ืื ืง ื›ื•ืœืœ ืชื‘ื™ืขื” ืœืคื™ RICO ื ื’ื“ Kalshi ื•-Robinhood; ืžื•ืขื“ ื”ืžืฉืคื˜ ื ืงื‘ืข ืœ-24 ื‘ืžืื™ 2027.

ื‘ื™ืช ืžืฉืคื˜ ืคื“ืจืœื™ ืจืืฉื•ืŸ ืขื•ืžื“ ืœืฆื“ ื”ืฉื‘ื˜ื™ื ื‘ื”ืชื“ื™ื™ื ื•ืช IGRA ื”ืืจืฆื™ืช ืฉืœ Kalshi

ืฉื•ืคื˜ ื‘ื™ืช ื”ืžืฉืคื˜ ื”ืžื—ื•ื–ื™ ืฉืœ ืืจื”ืดื‘, ื•ื™ืœื™ืื ืžืณ ืงื•ื ืœื™, ืคืกืง ื‘ื™ื•ื ืฉื ื™ ื›ื™ ืื•ืžืช ื”ื”ื•-ืฆโ€™ืื ืง ื”ืจืืชื” โ€œืกื‘ื™ืจื•ืช ืœื”ืฆืœื—ื”โ€ ื‘ืชื‘ื™ืขืชื”, ืฉื‘ื” ื”ื™ื ืžืืฉื™ืžื” ืืช Kalshi ื‘ื”ืคืจืช ื—ื•ืง ื”ืคื™ืงื•ื— ืขืœ ืžืฉื—ืงื™ ื”ื™ืžื•ืจื™ื ืฉืœ ืื™ื ื“ื™ืื ื™ื ื‘ืืžืฆืขื•ืช ื”ืฆืขืช ื—ื•ื–ื™ื ืขืœ ืื™ืจื•ืขื™ ืกืคื•ืจื˜ ื‘ืฉื˜ื— ืฉื‘ื˜ื™, ืœืคื™ ื“ื™ื•ื•ื— ืฉืœ ื‘ืœื•ืžื‘ืจื’ ืขืœ ื”ื”ื—ืœื˜ื”. ืื•ืžืช ื”ื”ื•-ืฆโ€™ืื ืง, ืฉื‘ื˜ ืื™ื ื“ื™ืื ื™ ื”ืžื•ื›ืจ ืคื“ืจืœื™ืช, ื”ื’ื™ืฉื” ืืช ื”ืชื™ืง ื‘ืื•ื’ื•ืกื˜ ื”ืื—ืจื•ืŸ ืœื‘ื™ืช ื”ืžืฉืคื˜ ื”ืžื—ื•ื–ื™ ืฉืœ ืืจื”ืดื‘ ื‘ืžื—ื•ื– ื”ืžืขืจื‘ื™ ืฉืœ ื•ื™ืกืงื•ื ืกื™ืŸ ื ื’ื“ Kalshi Inc., KalshiEX LLC, Robinhood Markets Inc., ื•-Robinhood Derivatives LLC.

ื”ืฆื• ื”ื•ืคืš ืืช ื”ื“ืคื•ืก ื”ื“ื•ืžื™ื ื ื˜ื™ ื‘ื‘ืชื™ ื”ืžืฉืคื˜ ื”ืคื“ืจืœื™ื™ื ืžื”ืืชื’ืจื™ื ื”ืฉื‘ื˜ื™ื™ื ื”ืงื•ื“ืžื™ื ืœ-Kalshi, ื•ืžืกืžืŸ ืชืงื“ื™ื ืคื“ืจืœื™ ืจืืฉื•ืŸ ื”ืขื•ืžื“ ืœืฆื“ ื”ืฉื‘ื˜ื™ื ื‘ื”ืชื“ื™ื™ื ื•ืช IGRA ื”ืืจืฆื™ืช ืฉืœ ื”ืžืคืขื™ืœื”.

ื‘ื ื•ื‘ืžื‘ืจ 2025, ืฉื•ืคื˜ืช ื‘ื™ืช ื”ืžืฉืคื˜ ื”ืžื—ื•ื–ื™ ืฉืœ ืืจื”ืดื‘, ื’ืณืงืœื™ืŸ ืกืงื•ื˜ ืงื•ืจืœื™, ื‘ืžื—ื•ื– ื”ืฆืคื•ื ื™ ืฉืœ ืงืœื™ืคื•ืจื ื™ื”, ื“ื—ืชื” ื‘ืงืฉื” ืœืฆื• ืžื ื™ืขื” ื–ืžื ื™ ืฉื‘ื™ืงืฉื• Blue Lake Rancheria, Chicken Ranch Rancheria of Me-Wuk Indians, ื•-Picayune Rancheria of the Chukchansi Indians. ืงื•ืจืœื™ ืงื‘ืขื” ืื– ื›ื™ ื”ืชื•ื‘ืขื™ื โ€œืœื ืขืžื“ื• ื‘ื ื˜ืœ ืœื”ืจืื•ืช ืกื‘ื™ืจื•ืช ืœื”ืฆืœื—ื” ื‘ื˜ืขื ืช ื”-IGRA ืฉืœื”ืโ€, ื•ื”ื•ืกื™ืคื”: โ€œื‘ื™ืช ื”ืžืฉืคื˜ ืื™ื ื• ืžืงืœ ืจืืฉ ื‘ื—ืฉืฉื•ืช ื”ืชื•ื‘ืขื™ื ืœื’ื‘ื™ ื”ื”ืฉืคืขื•ืช ืฉืคืขื™ืœื•ืชื” ืฉืœ Kalshi ืขืฉื•ื™ื” ืœื”ื™ื•ืช ืœื” ืขืœ ืจื™ื‘ื•ื ื•ืช ื”ืฉื‘ื˜ื™ื ื•ืขืœ ื›ืกืคื™ ื”ืฉื‘ื˜ื™ื.โ€ ืคืกืง ื”ื“ื™ืŸ ื”ื–ื” ืžืฆื•ื™ ื›ืขืช ื‘ืขืจืขื•ืจ ื‘ื‘ื™ืช ื”ืžืฉืคื˜ ื”ืคื“ืจืœื™ ืœืขืจืขื•ืจื™ื ืฉืœ ื”ืกื‘ื‘ ื”ืชืฉื™ืขื™.

ืื•ืžืช ื”ื”ื•-ืฆโ€™ืื ืง ื”ื’ื™ืฉื” ื‘ืงืฉื” ืœืฆื• ืžื ื™ืขื” ืžืงื“ืžื™ ื‘ื“ืฆืžื‘ืจ 2025, ื‘ืžื˜ืจื” ืœืžื ื•ืข ืž-Kalshi ื•ืž-Robinhood ืœื”ืฆื™ืข ื—ื•ื–ื™ื ืขืœ ืื™ืจื•ืขื™ ืกืคื•ืจื˜ ืœืžืฉืชืžืฉื™ื ื‘ืฉื˜ื—ื™ ื”ืื™ื ื“ื™ืื ื™ื ืฉืœ ื”ืฉื‘ื˜ ืœืžืฉืš ื ื™ื”ื•ืœ ื”ืชื‘ื™ืขื”. ืฉื™ืฉื”-ืขืฉืจ ืฉื‘ื˜ื™ื ื—ืชืžื• ืขืœ ืชื–ื›ื™ืจ ื™ื“ื™ื“ ื‘ื™ืช ื”ืžืฉืคื˜ ื”ืชื•ืžืš ื‘ืขืžื“ืช ื”ืฉื‘ื˜. ืชื™ืง ื‘ื™ืช ื”ืžืฉืคื˜ ื›ื•ืœืœ ืชื‘ื™ืขื” ืœืคื™ ื—ื•ืง Racketeer Influenced and Corrupt Organizations (RICO) ื”ืžืืคื™ื™ื ืช ืืช ืขืกืง ื—ื•ื–ื™ ืื™ืจื•ืขื™ ื”ืกืคื•ืจื˜ ืฉืœ Kalshi ื›โ€ืืจื’ื•ืŸ ื”ื™ืžื•ืจื™ืโ€, ืœืฆื“ ื˜ืขื ื•ืช ืœืคืจืกื•ื ื›ื•ื–ื‘. ื”ืžืฉืคื˜ ื ืงื‘ืข ืœ-24 ื‘ืžืื™ 2027, ื‘ืคื ื™ ืงื•ื ืœื™.

Kalshi ื˜ืขื ื” ืœืื•ืจืš ื”ื”ืชื“ื™ื™ื ื•ืช ื‘ื•ื•ื™ืกืงื•ื ืกื™ืŸ ื›ื™ ืžืขืžื“ื” ื›ืฉื•ืง ื—ื•ื–ื™ื ื™ื™ืขื•ื“ื™ (DCM) ื”ืžื•ืกื“ืจ ืขืœ ื™ื“ื™ ื”-CFTC ื’ื•ื‘ืจ ื•ืžื“ื™ืจ ืืช ืชื—ื•ืœืช ื—ื•ืง ื”ืคื™ืงื•ื— ืขืœ ืžืฉื—ืงื™ ื”ื™ืžื•ืจื™ื ืฉืœ ืื™ื ื“ื™ืื ื™ื. ื‘ืื™-ื›ื•ื— ื”ื—ื‘ืจื” ืฆื™ื˜ื˜ื• ืืช ื”ื—ืจื’ืช ื”ื—ื•ื–ื™ื ื”ื ืกื—ืจื™ื ื‘-DCM ืฉื‘ื—ื•ืง Unlawful Internet Gambling Enforcement Act ืžืฉื ืช 2006 ืžื”ื”ื’ื“ืจื” ื”ืคื“ืจืœื™ืช ืฉืœ โ€œื”ื™ืžื•ืจ ืื• ื”ืชืขืจื‘ื•ืชโ€, ืœืฆื“ ืชื”ืœื™ืš ื”ืื™ืฉื•ืจ ื”ืขืฆืžื™ ืฉืœ ื”-CFTC ืœื—ื•ื–ื™ ืื™ืจื•ืขื™ื ื—ื“ืฉื™ื ืœืคื™ ื—ื•ืง ื”ื‘ื•ืจืกื•ืช ืœืกื—ื•ืจื•ืช. ื˜ืขื ื•ืช ืืœื” ืžืฉืงืคื•ืช ืืช ื”ืขืžื“ื” ืฉ-Kalshi ืงื™ื“ืžื” ื‘ื”ืฆืœื—ื” ื‘ืชื™ืงื™ ืื›ื™ืคื” ืงื•ื“ืžื™ื ื ื’ื“ ืฉื•ื•ืงื™ ืชื—ื–ื™ื•ืช ื‘ืคื ื™ ื”ืฉื•ืคื˜ืช ืงื•ืจืœื™.

ื”ื›ืจืขืช ื”ื”ื•-ืฆโ€™ืื ืง ื‘ื•ื•ื™ืกืงื•ื ืกื™ืŸ ืžืฆื˜ืจืคืช ืœืฆื“ ืžื”ืœืš ืื›ื™ืคื” ื ืคืจื“ ื‘ืจืžืช ื”ืžื“ื™ื ื”. ื‘-23 ื‘ืืคืจื™ืœ 2026, ื”ืชื•ื‘ืข ื”ื›ืœืœื™ ืฉืœ ื•ื™ืกืงื•ื ืกื™ืŸ, ื’ืณื•ืฉ ืงืื•ืœ, ื”ื’ื™ืฉ ืฉืœื•ืฉ ืชื‘ื™ืขื•ืช ืžื“ื™ื ืชื™ื•ืช ืžืงื‘ื™ืœื•ืช ื‘ื‘ื™ืช ื”ืžืฉืคื˜ ื”ืžื—ื•ื–ื™ ืฉืœ ืžื—ื•ื– ื“ื™ื™ืŸ, ืฉื‘ื”ืŸ ืฆื•ื™ื ื• Kalshi ื•-Robinhood, Polymarket, ื•-Crypto.com (ื”ืคื•ืขืœืช ื›-Foris Dax Markets), ื™ื—ื“ ืขื Coinbase ื›ื ืชื‘ืขื•ืช, ื‘ื’ื™ืŸ ืกื™ื•ืข ืœื”ื™ืžื•ืจื™ ืกืคื•ืจื˜ ื”ืžืคืจื™ื ืืช ื—ื•ืง ื”ื”ื™ืžื•ืจื™ื ืฉืœ ื•ื™ืกืงื•ื ืกื™ืŸ, ื”ืžืกื•ื•ื’ ืขื‘ื™ืจื” ื›ืคืฉืข ืžื“ืจื’ื” I. ืงืื•ืœ ืืžืจ ื‘ืžืกื™ื‘ืช ืขื™ืชื•ื ืื™ื ื•ื™ืจื˜ื•ืืœื™ืช ื›ื™ โ€œื”ืกื•ื•ืื” ื“ืงื” ืฉืœ ื”ืชื ื”ืœื•ืช ื‘ืœืชื™ ื—ื•ืงื™ืช ืœื ื”ื•ืคื›ืช ืื•ืชื” ืœื—ื•ืงื™ืชโ€ ื•ื›ื™ ื™ืฉ โ€œืœืกื’ื•ืจโ€ ืืช ื”ื—ื‘ืจื•ืช ืžื”ืฆืขืช ื—ื•ื–ื™ ืื™ืจื•ืขื™ื ื”ืงืฉื•ืจื™ื ืœืกืคื•ืจื˜ ืœืœืงื•ื—ื•ืช ื‘ื•ื•ื™ืกืงื•ื ืกื™ืŸ. ืœืื—ืจ ืžื›ืŸ ื”-CFTC ืชื‘ืขื” ืืช ื•ื™ืกืงื•ื ืกื™ืŸ, ื™ื—ื“ ืขื ืืจื‘ืข ืžื“ื™ื ื•ืช ื ื•ืกืคื•ืช, ื‘ื˜ืขื ื” ืœืžื” ืฉื”ื™ื ื”ื’ื“ื™ืจื” ื›ื”ืชืขืจื‘ื•ืช ื‘ืกืžื›ื•ืช ื”ืจื’ื•ืœื˜ื•ืจื™ืช ื”ืคื“ืจืœื™ืช ืขืœ ืฉื•ืงื™ ื”ื ื’ื–ืจื™ื.

Kalshi ื˜ืจื ื”ื’ื™ื‘ื” ื‘ืคื•ืžื‘ื™ ืœืคืกืง ื“ื™ื ื• ืฉืœ ืงื•ื ืœื™ ื‘ื™ื•ื ืฉื ื™, ื ื›ื•ืŸ ืœืžื•ืขื“ ื”ืคืจืกื•ื. ื”ื”ื—ืœื˜ื” ืžื•ืกื™ืคื” ืœื ื•ืฃ ืคื“ืจืœื™ ืžืงื•ื˜ืข ืฉืœ ืคืกื™ืงื•ืช ืžืงื“ืžื™ื•ืช ื‘ื ื•ื’ืข ืœื—ื•ื–ื™ ืื™ืจื•ืขื™ ื”ืกืคื•ืจื˜ ืฉืœ Kalshi, ื›ืืฉืจ ื”ื—ื‘ืจื” ืžื—ื–ื™ืงื” ื‘ืฆื• ืžื ื™ืขื” ืฉืื•ืฉืจ ื‘ืกื‘ื‘ ื”ืฉืœื™ืฉื™ ื‘ื ื™ื• ื’ืณืจื–ื™, ื‘ืขื•ื“ ืฉื”ื™ื ืžืคืกื™ื“ื” ื‘ื‘ืงืฉื•ืช ื“ื•ืžื•ืช ื‘ืžืจื™ืœื ื“ ื•ืจื•ืื” ืืช ืฆื• ื”ืžื ื™ืขื” ืฉืœื” ื‘ื ื‘ื“ื” ืžื‘ื•ื˜ืœ ื‘ื‘ื—ื™ื ื” ืžื—ื“ืฉ.

ืืจื™ื–ื•ื ื” ืžืฉืขื” ื–ืžื ื™ืช ืืช ื”ื”ืœื™ื›ื™ื ื‘ืชื‘ื™ืขื” ื ื’ื“ Kalshi ื‘ืขืงื‘ื•ืช ืคืกื™ืงื” ืคื“ืจืœื™ืช ืฉื—ื•ืกืžืช ืืช ื”ื”ืงืจืื” ืœื“ื™ืŸ ื‘ื™ื•ื ืฉื ื™

ืืจื™ื–ื•ื ื” ืžืฉืขื” ื–ืžื ื™ืช ืืช ื”ื”ืœื™ื›ื™ื ื‘ืชื‘ื™ืขื” ื ื’ื“ Kalshi ื‘ืขืงื‘ื•ืช ืคืกื™ืงื” ืคื“ืจืœื™ืช ืฉื—ื•ืกืžืช ืืช ื”ื”ืงืจืื” ืœื“ื™ืŸ ื‘ื™ื•ื ืฉื ื™

ืฆื• ื—ื™ืจื•ื ืฉืœ ืฉื•ืคื˜ ืคื“ืจืœื™ ื—ืกื ื–ืžื ื™ืช ืืช ืืจื™ื–ื•ื ื” ืžืœื”ืžืฉื™ืš ื‘ื”ืขืžื“ื” ืœื“ื™ืŸ ืฉืœ ืงืœืฉื™.

ืžืืžืจ ื–ื” ืชื•ืจื’ื ืžืื ื’ืœื™ืช ื‘ืืžืฆืขื•ืช ื‘ื™ื ื” ืžืœืื›ื•ืชื™ืช. ื”ื’ืจืกื” ื”ืžืงื•ืจื™ืช ื‘ืื ื’ืœื™ืช ื”ื™ื ื”ืžืงื•ืจ ื”ืงื•ื‘ืข; ืชืจื’ื•ืžื™ื ืื•ื˜ื•ืžื˜ื™ื™ื ืขืฉื•ื™ื™ื ืœื”ื›ื™ืœ ืื™-ื“ื™ื•ืงื™ื, ื‘ืžื™ื•ื—ื“ ื‘ืžื•ื ื—ื™ื ืžืฉืคื˜ื™ื™ื ื•ืจื’ื•ืœื˜ื•ืจื™ื™ื.

ืชื’ื™ื•ืช ื‘ื›ืชื‘ื” ื–ื•