By The Weekly Edge desk ·
The Second Circuit denied Kalshi’s emergency injunction request against New York authorities, CasinoBeats reported. The company sought to stop the state from enforcing gambling laws against it.
The decision leaves New York enforcement unhalted by the emergency injunction Kalshi requested.
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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.