By The Weekly Edge desk ·
CDC Gaming reported that a federal judge ruled Utah can enforce its gambling laws against prediction markets. The ruling concerns platforms including Kalshi and Polymarket.
The ruling allows Utah to pursue state gambling-law enforcement against the platforms.
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JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The agreements add two prediction-market partners for Genius Sports.
The agreements connect Genius Sports with two prediction market platforms.
Genius links its Legend acquisition to customer-acquisition and data opportunities in prediction markets.
The agreements establish Genius Sports relationships with both prediction-market operators.
The agreements extend Genius Sports’ data services into both prediction market exchanges.