Feed / Enforcement & compliance
By The Weekly Edge desk ·
New York Attorney General Letitia James filed a lawsuit against Kalshi, GamblingNews reported. Her office alleged that the platform lacked the NYSGC authorisation required to operate legally in the state.
The lawsuit contests Kalshi’s legal authority to offer its products in New York.
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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 lawsuit seeks to stop Kalshi’s New York operations and recover money for consumers.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.