Kalshi backs prediction markets lobby group with former Trump official
Kalshi has announced its support for a new lobbying group called Americans for Fair Markets, aimed at advocating for prediction markets. The group has appointed former Trump official Taylor Budowich as its strategic advisor and intends to counter the influence of traditional sportsbooks and casinos. This initiative comes amid increased scrutiny of prediction markets in the U.S., including a probe into Kalshi and its competitor Polymarket.
- ▪Kalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets.
- ▪The group aims to shape federal policy on prediction markets and counter misinformation from sportsbooks and casinos.
- ▪Americans for Fair Markets will support the Commodity Futures Trading Commission in regulating prediction markets.
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Written by Martin Young, Staff Writer. Reviewed by Jesse Coghlan, Staff Editor. Written by Martin Young, Staff Writer. Reviewed by Jesse Coghlan, Staff Editor. Kalshi backs prediction markets lobby group with former Trump officialLatest NewsPublishedMay 25, 2026"We’re not going to be outspent or out-organized by entrenched interests protecting their monopolies," said John Bivona, head of government relations at Kalshi. Kalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets, which has tapped former deputy White House chief of staff Taylor Budowich as its strategic advisor.Kalshi said on Friday that the organization is positioning itself against sportsbooks and casinos, which it claims are “focused on protecting their monopolies and seeding lies…
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