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By The Weekly Edge desk ·
The NGCB told a state court that Kalshi had failed to comply with a preliminary injunction covering certain event contracts in Nevada, Legal Sports Report reported. The board seeks a daily fine over the alleged failure to geofence.
Kalshi faces a requested daily fine over alleged failure to geofence certain event contracts in Nevada.
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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.
Nevada can enforce gambling laws against Kalshi’s sports event contracts following rejection of its federal pre-emption argument.
The comments raise licensing and tribal-law questions for prediction-market operators and tribes considering agreements with them.