By The Weekly Edge desk · · Updated
EGR reported that 39 states filed an amicus brief with the Supreme Court concerning prediction markets. The NFL also called for clarity on prediction markets.
Prediction market regulation faces scrutiny through 39 states’ Supreme Court filing and the NFL’s call for clarity.
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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.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands, PlayUSA reported.
The partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.