By The Weekly Edge desk ·
DraftKings has gone live in California while Kalshi has recruited lobbyists, CasinoBeats reported. The report says Kalshi is working to maintain access to its platform in the state.
Kalshi is lobbying to maintain California platform access as DraftKings goes live in the state.
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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.
The ruling subjects disputed Nevada sports event contracts to gambling rules, while DraftKings and Flutter shares gained.