Feed / Enforcement & compliance
By The Weekly Edge desk ·
Focus Gaming News reported that a federal judge allowed Utah to enforce its gambling laws against Kalshi. The court rejected the operator’s argument that the Commodity Exchange Act overrides state prohibitions.
The ruling leaves Kalshi subject to Utah gambling-law enforcement.
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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.