The exchange-backed group aims to counter sportsbooks and casinos in shaping US policy on prediction markets amid regulatory scrutiny.
Kalshi has formed a lobbying group, Americans for Fair Markets, to advocate for prediction markets, enlisting former Trump administration official Taylor Budowich as a strategic advisor. The move targets sportsbooks and casinos, which Kalshi accuses of protecting monopolies and spreading misinformation to policymakers.
The group joins existing advocacy efforts, including the Coalition for Prediction Markets, backed by Coinbase, Crypto.com, and Robinhood. Kalshi stated the new organization will run campaigns to counter what it calls false narratives about prediction markets, as federal scrutiny intensifies.
The launch coincides with a US House probe into Kalshi and rival Polymarket over insider trading concerns. President Trump has previously expressed mixed views on prediction markets, adding political complexity to the regulatory debate.