Kalshi Launches Lobby Group Amid Congressional Inquiry into Prediction Market Insider Trading
Kalshi introduced 'Americans for Fair Markets' (AFM), an advocacy group aimed at influencing policy and defending prediction markets against regulatory challenges. The move comes as House Oversight Committee Chair James Comer announced investigations into insider trading on platforms like Kalshi and Polymarket, citing suspicious bets linked to military actions in Venezuela and Iran.
Topics: congressional inquiry insider trading lobbying prediction markets