By The Weekly Edge desk ·
SBC Americas reported that CFTC issued an emergency declaration directing Kalshi to keep operating in New York despite state stop orders. Kalshi requested the intervention after failing to secure court protection from state gambling enforcement.
The order creates opposing federal and state instructions for Kalshi’s New York operations.
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Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
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 agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The court-linked sports shutdown limits Kalshi’s market offering in Washington State.