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 official
Latest NewsPublishedMay 25, 2026
Prediction Markets Face Increased Scrutiny
The world of prediction markets is heating up, with Kalshi backing a new lobbying group called Americans for Fair Markets. This move is significant for everyday people, as it could impact the way we earn and interact with online platforms. The group aims to shape federal policy on prediction markets and promote regulated platforms with consumer protections.
The launch of Americans for Fair Markets comes as the US House launches a probe into Kalshi and its main rival, Polymarket, over insider trading concerns. This increased scrutiny highlights the need for clear guidelines and regulations in the prediction markets space. As the industry continues to grow, it’s essential to ensure that platforms prioritize consumer protection and fairness.
Regulation and Consumer Protection
Americans for Fair Markets will support the Commodity Futures Trading Commission in regulating prediction markets. The group will also focus on backing federally regulated platforms with consumer protections, such as know-your-customer requirements and insider trading bans. This is a crucial step towards creating a safe and transparent environment for users to engage with prediction markets.
As the prediction markets industry continues to evolve, it’s essential to consider the potential for passive income and earning opportunities. Platforms like EcoPool offer users a chance to earn rewards and participate in the growing world of cloud rewards and green crypto. By promoting regulated and fair prediction markets, Americans for Fair Markets can help create a more inclusive and accessible environment for everyday people to get involved.
A Call to Action
As the world of prediction markets continues to grow, it’s essential to stay informed and engaged. If you’re interested in learning more about EcoPool and its potential for passive income, consider downloading the EcoPool app to start exploring the world of green crypto and cloud rewards. With the EcoPool app, you can stay up-to-date on the latest developments in the industry and discover new opportunities for earning and growth.
The launch of the group came on the same day that the US House launched a probe into Kalshi and its main rival, Polymarket, over how the companies were handling insider trading, as prediction markets come under increased scrutiny in the US and abroad.
Budowich’s appointment as an advisor comes as US President Donald Trump has expressed mixed takes on prediction markets. Trump said last month that he was “not happy” with prediction markets over well-timed Iran war bets.
However, Trump, whose son Donald Trump Jr. invested in Polymarket and joined the company’s advisory board and is an adviser to Kalshi, softened his stance days later, saying the US would “get left out in the cold” if it didn’t allow the platforms.
Kalshi said that Americans for Fair Markets will support the Commodity Futures Trading Commission in regulating prediction markets.
The CFTC and state regulators have faced off over competing claims for jurisdiction, with states claiming prediction markets are violating local gambling laws, while the CFTC has claimed sole jurisdiction over the platforms.
Related: Kalshi valuation doubles to $22B after $1B funding round
Americans for Fair Markets said it would also focus on backing federally regulated platforms with consumer protections such as know-your-customer requirements, insider trading bans and restrictions on markets tied to violence or terrorism.
“We’re not going to be outspent or out-organized by entrenched interests protecting their monopolies,” John Bivona, Kalshi’s head of government relations who was appointed as a board member for the new lobby group.
“Millions of Americans have shown they want regulated, open, and fair prediction markets — and we’re going to make sure they have access to them,” he added.
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- Kalshi
- Polymarket
- Prediction Markets
- Industry
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