By The Weekly Edge desk ·
Focus Gaming News reported that Judge Vernon D. Oliver refused Kalshi’s preliminary injunction request against Connecticut. He found the operator’s sports event contracts were not swaps under federal commodities law.
The refusal denies Kalshi the requested temporary protection against state gambling law enforcement.
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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.