By SectorWire desk · · Updated
Kalshi, Polymarket and their allies spent at least $3m on lobbying and political contributions in 2026. The spending comes amid a US dispute over the rules governing prediction markets.
The lobbying seeks to influence the regulatory treatment of prediction market products in the USA.
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Ohio’s request puts disputed state and federal authority over sports prediction market operators before the Supreme Court.
The dispute concerns whether federal commodities regulators or gambling authorities should oversee sports contracts, affecting prediction market oversight.
The dispute concerns whether sports prediction platforms must comply with state gambling laws alongside federal financial supervision.
The case and lawsuit could affect how sports event contracts operate and how Florida’s gaming compact applies to DraftKings’ platform.
The case could determine whether states can apply gambling laws to prediction market operators such as Kalshi and Polymarket.
Polymarket and Kalshi face unresolved oversight questions as experts warn stock-linked contracts could affect share trading and complicate enforcement.