Feed / Enforcement & compliance
By The Weekly Edge desk ·
New York Attorney General Letitia James sued Kalshi, alleging that it operates an unlicensed gambling business, Gambling Insider reported. The state seeks to halt its activity in New York, recover allegedly unlawful proceeds and secure consumer restitution.
The lawsuit seeks to stop Kalshi’s New York operations and recover money for consumers.
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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 lawsuit contests Kalshi’s legal authority to offer its products in New York.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.