Feed / Enforcement & compliance
By The Weekly Edge desk ·
Gambling Insider reported that a Washington judge granted the state a preliminary injunction against Kalshi. The court considered the state likely to succeed on gambling-law claims and rejected Kalshi’s federal pre-emption argument.
The preliminary ruling allows Washington’s gambling-law case against Kalshi to advance.
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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.