Kalshi Backs Launch of New Lobby Group
Cointelegraph
Prediction market platform Kalshi has launched a new lobbying organization, Americans for Fair Markets, to advocate for federal policy and challenge existing monopolies.Summary
Kalshi has helped launch Americans for Fair Markets, a lobbying group aiming to shape federal policy and counter opposition from the sportsbook and casino industries. The group has appointed former Trump official Taylor Budowich as a strategic advisor. The initiative coincides with increased US congressional scrutiny of Kalshi and Polymarket regarding insider trading concerns. The organization plans to advocate for federally regulated prediction markets, emphasizing transparency, consumer protections, and collaboration with the Commodity Futures Trading Commission (CFTC).
(Source：Cointelegraph)