By The Weekly Edge desk ·
The AGA urged Texas legislators to pursue lawsuits against prediction markets at an Austin hearing, iGaming Business reported. Kalshi warned legislators about offshore alternatives.
Texas legislators heard calls for litigation against prediction markets alongside Kalshi’s warnings about offshore alternatives.
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The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
The agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
The partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.