Kalshi-Backed Prediction Market Advocacy Group AFM Officially Launches on May 23

According to BlockBeats, Americans for Fair Markets (AFM), a prediction market advocacy organization backed by Kalshi, officially launches on May 23 with Taylor Budowich, former White House deputy chief of staff, joining as strategic advisor.

AFM aims to push for federal-level prediction market regulatory frameworks and oppose restrictions imposed by traditional gambling interests and related stakeholders. Kalshi's government relations lead John Bivona stated: "Millions of Americans have demonstrated they want access to regulated, open, and fair prediction markets." The organization has committed to supporting insider trading bans and opposing markets related to war, terrorism, death, or assassination.