Feed / Enforcement & compliance
By The Weekly Edge desk ·
SBC Noticias reported that New York attorney general Letitia James filed a lawsuit against Kalshi. The action alleges that the prediction market platform operates an illegal gambling business.
The lawsuit challenges Kalshi’s event-contract operations under New York gambling rules.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
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 lawsuit challenges Kalshi’s authority to offer event contracts in New York.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.