By The Weekly Edge desk ·
Prediction markets generated $78.2bn in notional trading volume during September, reported by Online Poker Report. A recovery in sports trading helped push the monthly total above the previous record of $56.4bn recorded in July.
Sports trading helped prediction market operators exceed their previous monthly volume record.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
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.
The agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands, PlayUSA reported.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.