By The Weekly Edge desk ·
SBC Americas reported that the Sixth Circuit heard oral arguments from Kalshi and Ohio and Tennessee representatives. Judges considered sports prediction-market access after conflicting federal decisions but issued no ruling.
The hearing leaves Kalshi’s disputed access in Ohio and Tennessee unresolved.
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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.