By The Weekly Edge desk ·
PlayUSA reported that a federal judge denied Kalshi’s bid for a preliminary injunction, finding federal commodities law did not override New York gambling law. Kalshi appealed to the Second Circuit the same day.
The decision leaves Kalshi challenging New York’s gambling-law authority on appeal.
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Linked through shared companies, regulators and people, or one step further through the graph.
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.