By The Weekly Edge desk ·
Agimeg reported that Nevada’s problem gambling council decided to end its affiliation with NCPG. The decision followed the national organisation’s partnership with Kalshi, whose event contracts face a dispute with Nevada authorities.
The Kalshi partnership has prompted the loss of a state affiliate.
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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.