By The Weekly Edge desk ·
Nevada authorities argued in a court filing that Kalshi’s acceptance of a North Carolina revenue tax acknowledges states’ authority over prediction markets, CasinoBeats reported. The filing forms part of Nevada’s legal dispute with Kalshi.
Nevada uses Kalshi’s acceptance of North Carolina’s revenue tax to argue that states have authority over prediction markets.
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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.
The partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.