By The Weekly Edge desk ·
Online Poker Report reported that the CFTC told Kalshi to continue sports contracts in Michigan and settle existing trades, contrary to a state court order. Kalshi challenged state oversight on federal-law grounds and still faces a geofencing deadline in August.
Conflicting state and federal directions leave Kalshi facing competing obligations in Michigan.
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Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
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.
The agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The court-linked sports shutdown limits Kalshi’s market offering in Washington State.