By The Weekly Edge desk ·
SBC Americas reported that a Connecticut judge rejected separate preliminary injunction requests from Kalshi and Coinbase. Judge Vernon Oliver’s 10 August order denied Kalshi temporary relief in the dispute over sports prediction markets.
The decisions deny the operators the preliminary protection they sought against state gambling regulation.
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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 decision leaves the companies without the requested temporary protection against state regulatory action.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.