Kalshi supports the formation of a prediction market lobbying group, with a former Trump administration official serving as a strategic advisor.

Odaily Planet Daily reports that prediction market platform Kalshi has announced its support for the formation of a new prediction market lobbying group, Americans for Fair Markets, and has appointed former White House Deputy Chief of Staff Taylor Budowich as a strategic advisor. This group will challenge the sports betting and casino industries, which it believes are attempting to “maintain their monopoly and spread misinformation about prediction markets to policymakers.” Americans for Fair Markets will reportedly push for federal-level prediction market regulation and launch paid advocacy campaigns to counter what it calls “false narratives” about prediction markets. The group will also join a broader industry lobbying effort, including the Coalition for Prediction Markets, backed by Coinbase, Crypto.com, and Robinhood, which is scheduled to launch 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. As prediction markets face stricter scrutiny in the U.S. and globally, related regulatory controversies continue to escalate. Kalshi stated that the new organization will support the U.S. Commodity Futures Trading Commission's regulation of prediction markets and will support KYC, insider trading bans, and restrictions on markets involving violence and terrorism under federal regulations. John Bivona, Kalshi's head of government relations, said, "We will not lose out to vested interest groups trying to maintain their monopoly interests in terms of funding or organizational capacity." (Cointelegraph)