By The Weekly Edge desk ·
A federal court in Connecticut denied Kalshi’s request for a preliminary injunction, GamblingNews reported. Kalshi sought to stop the state from applying its existing gambling laws to the prediction-market platform.
The decision leaves Connecticut’s attempt to apply gambling laws unhalted by the requested injunction.
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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.