By The Weekly Edge desk ·
EGR reported that Judge Vernon Oliver refused Kalshi’s request for preliminary protection from Connecticut gambling laws. He regarded sports contracts as wagers, while Kalshi argued federal commodities law displaced state oversight.
The decision denies Kalshi the requested protection from Connecticut’s gambling-law enforcement.
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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.