By The Weekly Edge desk · · Updated
An MGM takeover bid collapsed while a $17.6bn Caesars deal progressed, Gambling Insider reported. The outlet also reported investor reactions to DraftKings’ prediction-market strategy and CFTC consideration of margin trading.
Investors face contrasting casino transaction outcomes as an MGM takeover collapsed while the Caesars deal progressed.
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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 case could affect whether states can regulate sports prediction markets and the safeguards operators face.
Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
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.