By The Weekly Edge desk · · Updated
A federal judge in Illinois granted preliminary injunctions favouring Kalshi and the CFTC against the state, reported by SBC Americas. The outlet described prediction markets’ court victories against state regulators as rare in 2026.
The injunctions give Kalshi and the CFTC interim judicial relief against Illinois.
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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.
Prediction market exchanges face a CFTC warning about manipulation risks involving public figures’ statements or actions.