Kalshi Forms Lobby Group for Prediction Markets
May 25, 2026 at 05:07
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✦ AI Summary
- Kalshi establishes a new lobby group to advocate for prediction markets
- Former Trump official joins Kalshi to bolster its efforts
- The initiative aims to counter monopolistic interests in the industry
Kalshi has taken a significant step by forming a lobby group dedicated to promoting prediction markets. John Bivona, who leads government relations at Kalshi, emphasized their resolve to not be "outspent or out-organized" by established entities that favor their monopolistic positions.
This strategic move aims to strengthen the industry's influence and address concerns about regulatory barriers. By bringing in experienced voices, including a former Trump official, Kalshi hopes to make a substantial impact within the political landscape surrounding prediction markets.
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