By The Weekly Edge desk ·
SBC Americas reported that a preliminary injunction stopped Minnesota implementing its law banning prediction markets. The interim ruling favours Kalshi and Polymarket without settling the wider legal questions.
Minnesota cannot implement its prediction-market ban while the preliminary injunction applies.
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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.