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By The Weekly Edge desk ·
New York sued Kalshi, alleging that it operated an unlicensed betting business, BNLData reported. The complaint accuses the prediction-market platform of ignoring state gambling laws and exposing residents, including minors, to financial risks.
The lawsuit challenges Kalshi’s compliance with New York gambling law.
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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.