By The Weekly Edge desk ·
The CFTC invoked emergency powers on 11 August to direct Kalshi to keep trading in New York despite a court order, CDC Gaming reported. A tribal gaming attorney criticised the agency's instruction.
The CFTC’s instruction leaves Kalshi facing conflicting agency and court directions over continued trading in New York.
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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 case could affect whether states can regulate sports prediction markets and the safeguards operators face.
Prediction market exchanges face a CFTC warning about manipulation risks involving public figures’ statements or actions.