By The Weekly Edge desk ·
Pennsylvania Representative Tarik Khan proposed HB 2711 to regulate prediction markets, Agimeg reported. The bipartisan proposal would cover platforms such as Kalshi and Polymarket and provide penalties of up to $1m daily.
The proposal would establish state requirements and substantial potential penalties for prediction-market operators.
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JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The agreements add two prediction-market partners for Genius Sports.
The agreements connect Genius Sports with two prediction market platforms.
Genius links its Legend acquisition to customer-acquisition and data opportunities in prediction markets.
The agreements establish Genius Sports relationships with both prediction-market operators.
The agreements extend Genius Sports’ data services into both prediction market exchanges.