By The Weekly Edge desk ·
SBC Americas reported that King County Superior Court granted Washington officials a preliminary injunction against Kalshi on 20 July. Judge John McHale found the company operated a betting platform and misled consumers through advertising.
The preliminary order supports state action against Kalshi’s prediction market operations.
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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.