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Kalshi spends over $1m lobbying as prediction market dispute intensifies

Regulation

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.

End-of-day close DraftKings (DKNG), USD, to 14 May 2026
Story date13 February 202614 May 2026

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Kalshi alleges selective enforcement in Washington prediction-market dispute

Kalshi accused Washington State authorities of selectively enforcing gambling rules against its platform while leaving competitors, including Polymarket, unchallenged, according to a letter sent to the Washington State Gambling Commission. Washington’s attorney general’s office rejected the accusation and said its action was based partly on Kalshi’s size in the state. A King County judge had issued interim restrictions on Kalshi’s event contracts in August, while allowing contracts in several other categories to continue.

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