Feed / Enforcement & compliance
By The Weekly Edge desk ·
New York launched a $36bn legal action alleging that Kalshi breached state gambling laws, EGR reported. The state accused the prediction market operator of disregarding its gaming rules.
Kalshi faces a state legal challenge over whether its prediction market complies with gambling law.
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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.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The agreements connect Genius Sports with two prediction market platforms.