By The Weekly Edge desk ·
Jamma reported that judge Robert J. Shelby ruled for Utah on 4 August 2026 in KalshiEX v Cox. State gambling laws apply to the platform’s sports contracts, and the court rejected Kalshi’s injunction request and closed the case.
The judgment leaves Kalshi’s sports contracts subject to Utah gambling restrictions.
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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.