Kalshi Signs New US Open Deal, as Partnerships Expand

Kalshi continues to strike fresh partnerships as the company looks to further consolidate its presence in the mainstream. The latest such partnership is with the US Open, becoming the event’s official prediction market partner. Kalshi Expands Presence in Mainstream Sports This is another major coup for the company, which has forged a multi-year deal with the platform and is now represented on-site signage as well as the US Open digital platforms. Commenting on the opportunity to add Kalshi to its list of partners, USTA CEO Craig Tiley said: “We’re relentless about keeping tennis at the cutting edge of global sports innovation and fan connection. Partnering with Kalshi allows us to pioneer that next generation of fan engagement while ensuring the integrity of our sport.” Kalshi’s co-founder and CEO, Tarek Mansour, has welcomed the opportunity to further strengthen the company’s presence in mainstream sports competitions, with the US Open constituting a significant opportunity to achieve just that. “We’re proud to partner with the USTA to give fans even more ways to engage with the game they love,” Mansour added. Kalshi is already a partner to the International Tennis Integrity Association, allowing the watchdog to monitor games in real-time and further oversee any potential match manipulations. Kalshi Busy Sorting Court Cases, as Well as Dealing with Insider Traders Tennis and soccer are historically the two sports that are most likely to register match-fixing and other forms of sports fraud, and as such, any additional data that reflects real market trends is vastly helpful. This new partnership comes amid crucial developments for the platform. For starters, Kalshi has just permanently banned a former US Congressman, George Santos, who clapped back at the platform and said: “Let’s see how much longer you are around for.” On August 28, the 9th US Circuit Court of Appeals unanimously rejected Kalshi’s bid to prevent Nevada gaming regulators from regulating its sports contracts and subjecting it to the state’s gaming laws. The ruling upheld a previous decision by a federal judge in Las Vegas who had lifted an injunction that had temporarily allowed the company to continue offering its contracts in the state. Under the new decision, the court has decided that gaming laws supersede federal regulation in the case of event sports contracts.