Feed / Enforcement & compliance
By The Weekly Edge desk ·
Focus Gaming News reported that King County Superior Court issued a preliminary injunction against Kalshi sports contracts. The court found that its activities constituted unlawful gambling for Washington consumers.
The preliminary injunction limits Kalshi’s sports event-contract activity in Washington.
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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.