By The Weekly Edge desk · · Updated
ARK Invest purchased 126,594 Kalshi shares in private markets on 18 September, Online Poker Report reported. The investment spans three actively managed ETFs and backs the platform's US prediction market business.
ARK Invest’s purchase backs Kalshi’s US prediction market business through three actively managed ETFs.
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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 partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.