By The Weekly Edge desk ·
The Sixth Circuit ruled against Kalshi on Friday, Legal Sports Report reported. The decision allows Ohio and Tennessee to apply their sports betting laws to the prediction market operator.
Kalshi faces application of Ohio and Tennessee sports betting laws following the Sixth Circuit's ruling against it.
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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.