By The Weekly Edge desk ·
iGamingToday reported that a federal judge blocked enforcement of Minnesota’s SF 3432 through a preliminary injunction. Kalshi, Polymarket and the CFTC secured the order shortly before the law was due to take effect.
The injunction temporarily prevents enforcement of Minnesota’s prediction market prohibition.
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JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
The agreements add two prediction-market partners for Genius Sports.
The agreements connect Genius Sports with two prediction market platforms.
Genius links its Legend acquisition to customer-acquisition and data opportunities in prediction markets.
The agreements establish Genius Sports relationships with both prediction-market operators.