By The Weekly Edge desk ·
EGR reported that Judge Katherine Menendez blocked Minnesota’s proposed prediction-market ban. She found exclusive CFTC jurisdiction over event contracts and potential irreparable harm to Kalshi and Polymarket.
The ruling prevents the proposed state restriction from proceeding against prediction-market operators.
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JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
The agreements add two prediction-market partners for Genius Sports.
The agreements connect Genius Sports with two prediction market platforms.
Genius links its Legend acquisition to customer-acquisition and data opportunities in prediction markets.
The agreements establish Genius Sports relationships with both prediction-market operators.