By The Weekly Edge desk ·
Four Native American tribes plan to launch prediction market apps with Kalshi, Focus Gaming News reported. Kalshi said the model could extend prediction markets to smaller, remote communities.
Four tribes’ planned Kalshi apps could extend prediction markets to smaller, remote communities, according to Kalshi.
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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.