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By The Weekly Edge desk ·
iGamingToday reported that New York officials sued Kalshi over alleged operation of an unlicensed gambling business. The state said the platform offered sports, election and cultural event wagers without a gaming licence.
The lawsuit challenges Kalshi’s ability to offer event contracts in New York.
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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.