By The Weekly Edge desk ·
DraftKings has introduced DraftKings Predictions in California, PlayUSA reported, citing NBC 7 San Diego. The platform joins Kalshi and Polymarket in the state, where traditional sports betting remains illegal.
DraftKings joins Kalshi and Polymarket in California’s prediction market sector, where traditional sports betting remains illegal.
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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.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
The case and lawsuit could affect how sports event contracts operate and how Florida’s gaming compact applies to DraftKings’ platform.