By The Weekly Edge desk ·
ISA-GUIDE reported that a federal judge rejected Kalshi’s request to stop Utah enforcing gambling laws against sports prediction contracts. The judge found federal commodities rules did not override the state restrictions.
Utah can continue enforcement despite Kalshi’s federal pre-emption argument.
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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.