By The Weekly Edge desk ·
The Tenth Circuit Court of Appeals rejected Kalshi's request on Tuesday to stop Utah enforcing gambling laws during its appeal, SBC Americas reported. Kalshi is appealing a District Court defeat.
Kalshi remains subject to Utah gambling law enforcement while appealing its District Court defeat.
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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.