Prediction Markets Increase Lobbying Efforts Amid Regulatory Scrutiny
Prediction markets are increasing their lobbying efforts in Washington to combat proposed stricter regulations, citing concerns over gambling and insider trading. The industry spent $1.84 million on lobbying in Q1 2026, a 60% increase from the previous year. Kalshi, a leading prediction market platform, has seen significant growth and is now valued at $22 billion.
Tickers: $CFG
Topics: gambling insider trading lobbying prediction markets regulation