By The Weekly Edge desk ·
PlayUSA reported that a Washington judge granted a preliminary injunction after finding state claims against Kalshi were likely to succeed. Kalshi maintained that states lack jurisdiction over prediction markets, and the court planned to settle final terms separately.
The ruling supports state enforcement while the court determines the injunction’s detailed restrictions.
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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.