By The Weekly Edge desk · · Updated
Kalshi has obtained a preliminary injunction preventing Illinois from imposing prediction market rules, Gaming Intelligence reported on 6 October. Questions remain over proposed exchange wagering fees and taxes.
Kalshi’s injunction prevents Illinois from imposing prediction market rules while questions over proposed wagering fees and taxes remain.
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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.