By SectorWire desk · · Updated
Kalshi has partnered with tribes on 9 October. The outlet also reported that FanDuel continues to shift away from CME.
Kalshi’s tribal partnerships and FanDuel’s continuing shift away from CME mark changes in their business relationships.
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Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
The comments raise licensing and tribal-law questions for prediction-market operators and tribes considering agreements with them.
The licence could increase FanDuel’s control over its prediction market business without authorising it to operate its own designated exchange.
Operators offering these products in Utah face an explicit legal warning, while Kalshi contests the state's authority through its federal appeal.
FanDuel’s licence enables direct event contract brokering and direct economic control of its prediction market operations.
Operator departures in Connecticut and PrizePicks’ suspension in Missouri narrow prediction market offerings available in those states.