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Kalshi supports establishing a prediction market lobbying organization, with former Trump administration officials serving as strategic advisors.
Odaily Planet Daily reports that prediction market platform Kalshi announced support for the formation of a new prediction market lobbying organization, Americans for Fair Markets, and appointed former White House Deputy Chief of Staff Taylor Budowich from the Trump administration as a strategic advisor. The organization will oppose the sports betting and casino industries, which it believes are attempting to "maintain monopolistic control and spread misinformation about prediction markets to policymakers."
It is understood that Americans for Fair Markets will promote federal-level regulation policies for prediction markets and launch paid advocacy campaigns in response to what it calls "false narratives" against prediction markets. The organization will also join a broader industry lobbying coalition, including the Coalition for Prediction Markets, supported by Coinbase, Crypto.com, and Robinhood, established in December 2025.
On the same day, the U.S. House of Representatives launched an investigation into Kalshi and its main competitor Polymarket, focusing on how the platforms handle insider trading issues. As prediction markets face increased scrutiny in the U.S. and globally, regulatory disputes continue to escalate.
Kalshi states that the new organization will support the Commodity Futures Trading Commission (CFTC) in regulating prediction markets and advocate for a federal regulatory framework that includes KYC, insider trading bans, and restrictions on markets related to violence and terrorism. John Bivona, Kalshi’s head of government relations, said, "We will not be outdone in funding or organizational capacity by those vested interests trying to maintain monopolistic advantages." (Cointelegraph)