By The Weekly Edge desk · · Updated
Kalshi has obtained a preliminary injunction preventing Illinois from imposing prediction market rules, Gaming Intelligence reported on 6 October. Questions remain over proposed exchange wagering fees and taxes.
Kalshi’s injunction prevents Illinois from imposing prediction market rules while questions over proposed wagering fees and taxes remain.
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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.
The partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
Heather Maurer’s departure changes NCPG leadership following the organisation’s announcement of a $2m partnership with Kalshi.
NCPG must replace its executive director while managing member departures linked to its Kalshi partnership.