Kalshi spends over $1m lobbying as prediction market dispute intensifies
Kalshi spent more than $1m on lobbying last year as casinos and prediction-market groups contested the legality of sports event contracts, the report says. It also paid Miller Strategies $430,000 and the Lincoln Policy Group $180,000; the report says casino and gambling-backed groups spent almost $50m on lobbying over the same period.
Lobbying activity may shape legislation and regulatory treatment of sports event contracts affecting Kalshi and gambling groups.