By The Weekly Edge desk ·
Two gaming attorneys criticised what they characterised as the CFTC’s defiance of court orders, reported by SBC Americas. They made their comments on Wednesday during the Indian Gaming Association’s The New Normal webcast.
The criticism puts the CFTC’s response to court orders under scrutiny from gaming attorneys.
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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.