By The Weekly Edge desk ·
ParlayX founder Andrew Gonzalez said the company was developing a prediction market platform centred on combination bets, CasinoBeats reported. Gonzalez said the business originally intended to concentrate on parlays.
ParlayX’s planned prediction market platform centres on combination bets, following its original intention to concentrate on parlays.
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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.