Kalshi has backed a new lobbying group called Americans for Fair Markets to counter anti-prediction-market lobbying in the U.S. [1, 2].

The move represents a strategic effort to challenge existing financial regulations and opposing interests that the company believes are protecting monopolies within the market [1].

The advocacy group aims to defend the prediction-market industry by engaging with policymakers in Washington, D.C. [2]. This effort comes as the industry seeks to establish a more permanent and legal footing for event-based trading in the United States [1, 2].

To lead these efforts, the group has brought on strategic expertise from the former Trump administration. Taylor Budowich, who previously served as the deputy White House chief of staff, is acting as a strategic advisor for the initiative [2].

John Bivona said, "We’re not going to be outspent or out-organized by entrenched interests protecting their monopolies" [1].

The push for a dedicated lobbying arm follows a period of regulatory friction for prediction markets. By forming Americans for Fair Markets, Kalshi intends to create a unified front to oppose lobbying efforts that seek to restrict the growth of these platforms [1, 2].

While reports on specific advisors vary, some sources indicate that Donald Trump Jr. has also served as a strategic advisor for Kalshi [3]. The company continues to align itself with figures who have deep ties to the executive branch to navigate the complex regulatory landscape of the U.S. capital [2, 3].

“Kalshi has backed a new lobbying group called Americans for Fair Markets to counter anti‑prediction‑market lobbying”

The creation of Americans for Fair Markets signals a transition for prediction markets from niche financial tools to a politically organized industry. By hiring high-level former White House officials, Kalshi is attempting to pivot from legal defense to proactive legislative influence, aiming to dismantle the regulatory barriers that have historically favored traditional financial institutions over event-based trading platforms.