By The Weekly Edge desk ·
iGamingToday reported that a Washington judge granted a preliminary injunction in the state’s case against Kalshi. The judge found likely violations of gambling law and rejected the company’s federal pre-emption argument.
The ruling allows state gambling enforcement to proceed despite Kalshi’s federal jurisdiction defence.
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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.