By The Weekly Edge desk ·
A Connecticut judge rejected Kalshi’s request for an emergency injunction during its appeal, Gambling Insider reported. The judge rejected Kalshi’s reliance on a CFTC emergency order in New York, finding that the agency could not override the court’s decision.
Kalshi remains without its requested emergency injunction during appeal after the judge rejected reliance on the CFTC order.
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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.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
Prediction market exchanges face a CFTC warning about manipulation risks involving public figures’ statements or actions.