Kalshi has entered into a new partnership with Fox Corporation, which will see its prediction market data integrated across a series of channels and platforms owned by the media giant.
Under the agreement, Kalshi prediction market data will be incorporated with the FOX News Channel, FOX Business Network, FOX Weather and the FOX One platform. This will cover both linear and digital content.
The deal will also see Kalshi work directly with Fox’s data and production teams to provide real-time access for seamless data visualisation around major political, economic, weather and cultural storylines.
Kalshi said the sponsored integration will allow more people to access and make use of its prediction market data. It added that several newsrooms are already using this data to analyse and report on events across politics, economics and culture.
“More people are watching Kalshi’s forecasts than trading them, which says a lot: our data effectively complements news and polls,” said Tarek Mansour, co-founder and CEO of Kalshi. “As misinformation grows more common, Kalshi offers accurate, unbiased data to help people better understand what’s going on in the world.”
Paul Cheesbrough, CEO of Tubi Media Group, the digital streaming division of Fox, welcomed the link up. He said prediction markets have “quickly become an essential data point” and the new integration arrangement with Kalshi will widen Fox’s offering moving forward.
“By integrating Kalshi’s real-time data into our fast-growing streaming platform FOX One and across FOX News Media’s leading networks, we’re giving audiences both deeper insights and a more engaging way to follow the stories that matter most,” he said.
Mixed legal news for Kalshi
Confirmation of the new partnership came on the back on what has been a mixed few days for Kalshi in terms of legal issues.
Last week, a Nevada judge extended restrictions on Kalshi, preventing the company from offering event-based contracts to state residents without a gaming licence. According to Reuters, Judge Jason Woodbury said that he would grant a preliminary injunction requested by the Nevada Gaming Control Board.
The order will block Kalshi from continuing to offer contracts tied to sports and other events unless it secures proper authorisation under Nevada law.
However, there was better news for the business this week when a federal appeals court ruled New Jersey regulators cannot block sports-linked contracts offered by Kalshi.
A panel of judges with the US Court of Appeals for the Third Circuit ruled 2-1 that federal law made Kalshi’s sports markets subject exclusively to the regulation of the Commodity Futures Trading Commission, rather than state gambling commissions.
The ruling effectively handed Kalshi victory in a dispute that has been building for more than a year. It also confirmed a previous ruling in the ongoing battle between Kalshi and New Jersey.