Feed / Enforcement & compliance
By The Weekly Edge desk ·
Gambling Insider reported that New York sued Kalshi amid conflicting rulings on federal preemption. The lawsuit was among the week’s legal developments affecting prediction markets.
The lawsuit adds to the legal uncertainty facing Kalshi’s prediction-market operations.
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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.