Prediction markets and their opponents are spending more to influence Congress in 2026
Kalshi and groups representing the casino and gaming industry and online sports betting apps, all have boosted their lobbying spending in 2026.
AI Summary
Prediction markets Kalshi and Polymarket, along with the casino and gaming industry, are ramping up lobbying spending in 2026 to influence Congress amid regulatory scrutiny. Kalshi spent nearly $1.8 million on lobbying in the first half of 2026, surpassing its entire 2025 spending, while the American Gaming Association spent $1.39 million, a 30% increase from the same period in 2025. Polymarket’s lobbying footprint is smaller, with $180,000 spent in the first half of 2026.