DraftKings, Meta, Andreessen Horowitz spend millions on state elections
Corporate giants like DraftKings, Meta, and Andreessen Horowitz are investing heavily in state elections to influence regulations on gambling, social media, and cryptocurrency. In Illinois, over $50 million was spent in the 2026 primaries, highlighting the significant financial stakes involved. This trend indicates a shift in the battleground for tech regulation from Congress to state legislatures.
- ▪DraftKings, Meta, and Andreessen Horowitz have collectively spent millions on state-level political campaigns.
- ▪The Illinois 2026 primaries saw over $50 million in outside expenditures, a record for state contests.
- ▪Fairshake PAC, backed by major crypto firms, spent over $10 million in Illinois to defeat a single candidate.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/18092408/fanduel-and-draftkings-shift-focus-to-d-c-amid-federal-effor-1-800x420.jpeg" alt="DraftKings, Meta, Andreessen Horowitz spend millions on state elections" class="w-full aspect-[19/10] object-cover" /> DraftKings, Meta, Andreessen Horowitz spend millions on state elections Corporate giants and venture capital firms are pouring tens of millions into state-level races to shape regulations around gambling, social media, and crypto. Share Add us on Google by Editorial Team May. 18, 2026 The biggest fights over tech regulation aren’t happening in Congress anymore.
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