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Prediction Markets Spend Millions to Influence State, Federal Governments • Rhode Island Current

OpenSecrets found Kalshi alone spent nearly $1 million on federal lobbying as the industry fights state gambling rules and seeks CFTC oversight.

Kalshi, Polymarket and the Coalition for Prediction Markets have spent at least $3 million this year on lobbying and campaign contributions across the federal and state levels, according to a new report from the government watchdog group OpenSecrets. Prediction market platforms say they are like commodity markets that offer contracts to speculate on the future […]

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CasinoBeats broke the news on Thursday, October 1, 2026.
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