Feed / Enforcement & compliance
By The Weekly Edge desk ·
CasinoBeats reported that Judge John McHale granted Washington state a preliminary injunction against Kalshi. The judge found that Kalshi’s activities violated state gambling law.
The preliminary order supports Washington’s attempt to restrict Kalshi’s operations.
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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.
Kalshi must introduce customer controls by 19 August and GeoComply screening by 2 September under Washington’s amended injunction.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.