TL;DR:
- Kalshi signed an agreement with Fox Corporation to integrate its data into Fox News, Fox Business Network, Fox Weather, and Fox One.
- The prediction markets platform already had similar deals with CNN and CNBC, and continues to strengthen its presence across major U.S. media outlets.
- Fox Sports was excluded from the deal for now, due to ongoing legal battles in several states over sports contracts.
Fox Corporation announced an agreement with Kalshi to integrate the prediction markets platform’s data into its main news channels. The partnership covers Fox News, Fox Business Network, Fox Weather, and the streaming platform Fox One, though it excludes Fox Sports. With this alliance, the platform significantly expands its media partner network, which already included CNN and CNBC.
According to the official statement, Kalshi’s data will be incorporated across both Fox’s linear and digital content, providing real-time access to visualizations on political, economic, weather, and cultural topics. Paul Cheesbrough, CEO of Tubi Media Group, noted that the integration aims to offer audiences “deeper insights and a more engaging way to follow the stories that matter most.”
The Dispute Behind the Kalshi Deal
Fox Sports’ absence from the agreement is no coincidence. Kalshi faces fierce legal battles in several states seeking to ban it from offering contracts tied to sporting events. A company spokesperson confirmed that sports data “is not included for now, though perhaps in the future.”
On Monday, an appeals court ruled in favor of Kalshi, determining that New Jersey has no explicit authority over sports event contracts offered by entities regulated by the Commodity Futures Trading Commission. However, in Nevada, a state judge issued a preliminary injunction last week that prohibits the platform from offering sports, entertainment, and electoral contracts without a gaming license.
The platform’s position is clear: by operating as a federally regulated commodities market under the Commodity Exchange Act, its products take precedence over state-level regulations. The company is also facing pressure from sports leagues. The NFL requested that both Kalshi and Polymarket remove certain contracts, while the NHL chose to sign multi-year licensing agreements with both platforms.
Kalshi also highlighted that most users visit its platform to understand outcome probabilities, rather than to actively trade on specific events.
