Feed / Enforcement & compliance
By The Weekly Edge desk ·
Focus Gaming News reported that New York sought $36bn in damages and a block on Kalshi’s prediction market. Letitia James, the attorney general, alleges that Kalshi runs an unlicensed gambling business.
The lawsuit seeks damages and an order restricting Kalshi’s operations.
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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.