By The Weekly Edge desk ·
The Ninth Circuit ruled against Kalshi over sports event contracts in Nevada, Gambling Insider reported. The court returned a separate question concerning election contracts to the district court, leaving the federal pre-emption issue unresolved.
The court ruled against Kalshi’s Nevada sports contracts while leaving federal pre-emption unresolved for election contracts.
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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.
The partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.