By The Weekly Edge desk ·
Judge Vernon D. Oliver denied Kalshi’s request for a preliminary injunction in Connecticut, CasinoBeats reported. He ruled that sports-event contracts were not swaps under the Commodity Exchange Act and compared parlays with casino gaming.
The decision rejects Kalshi’s requested protection from Connecticut’s gambling-law enforcement.
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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.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The agreements connect Genius Sports with two prediction market platforms.