By The Weekly Edge desk ·
ESMA examines event contracts in its new risk report, Jamma reported. The authority discusses the increasingly blurred boundaries between financial instruments, prediction markets and gambling, explicitly naming Polymarket and Kalshi.
ESMA’s report highlights blurred boundaries between financial instruments, prediction markets and gambling, explicitly naming Polymarket and Kalshi.
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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.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
Polymarket and Kalshi’s European expansion accompanies ESMA calls for monitoring insider trading, manipulation and potential retail harm.