By The Weekly Edge desk · · Updated
Kalshi has partnered with tribes, SBC Americas reported on 9 October. The outlet also reported that FanDuel continues to shift away from CME.
Kalshi’s tribal partnerships and FanDuel’s continuing shift away from CME mark changes in their business relationships.
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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.
The licence could increase FanDuel’s control over its prediction market business without authorising it to operate its own designated exchange.
FanDuel’s licence enables direct event contract brokering and direct economic control of its prediction market operations.
The partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.
The comments raise licensing and tribal-law questions for prediction-market operators and tribes considering agreements with them.