Odaily Planet Daily reports that the prediction market platform Kalshi has announced support for the formation of a new lobbying organization, Americans for Fair Markets, and has appointed Taylor Budowich, former Deputy Chief of Staff to the Trump White House, as a strategic advisor. The organization aims to counter the sports betting and casino industries, which it believes are attempting to "maintain monopolistic control and spread misinformation about prediction markets to policymakers."
According to reports, Americans for Fair Markets will advocate for federal-level regulatory policies for prediction markets and launch paid awareness campaigns to counter what it calls “false narratives” targeting prediction markets. The organization will also join a broader industry lobbying coalition, including the Coalition for Prediction Markets, established in December 2025 and supported by Coinbase, Crypto.com, and Robinhood.
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 increased scrutiny in the U.S. and globally, regulatory debates continue to intensify.
Kalshi stated that the new organization will support the U.S. Commodity Futures Trading Commission’s regulation of prediction markets, as well as federal regulatory frameworks enforcing KYC, bans on insider trading, and restrictions on markets related to violence and terrorism. John Bivona, Kalshi’s Head of Government Relations, said, “We will not be outspent or outorganized by entrenched interests trying to protect monopolistic advantages.” (Cointelegraph)