According to Bloomberg, the prediction market industry has ramped up lobbying efforts in Washington to address regulatory pressure. In the first quarter of 2026, industry lobbying expenditures reached at least $1.84 million, a more than 60% year-over-year increase and a record high. Kalshi has newly registered two lobbying firms and hired former Obama advisor Stephanie Cutter to strengthen its influence within the Democratic Party. Lawmakers have introduced over ten bills, with some Democrats and Republicans seeking to bring prediction markets under gambling regulations, while the industry advocates for continued oversight under the Commodity Exchange Act. Donald Trump Jr. is an investor in Polymarket and a strategic advisor to Kalshi.
Prediction Market Industry Lobbying Spending Reaches Record High in Q1 2026
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Summary
Prediction market industry trends show a surge in lobbying efforts, with the sector spending $1.84 million in Q1 2026, a 60% increase from the prior year. Kalshi added two new lobbying firms and brought on former Obama advisor Stephanie Cutter to strengthen ties with the Democratic Party. Over ten bills have been introduced, with some lawmakers advocating for gambling-style regulation, while the industry favors oversight under the Commodity Exchange Act. Donald Trump Jr. remains an investor in Polymarket and an advisor to Kalshi. Crypto industry news highlights growing political engagement as the sector seeks favorable regulatory outcomes.
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