[Kalshi Supports the Establishment of a Prediction Market Lobbying Organization and Promotes Federal Policy Development]
According to Cointelegraph, Kalshi has supported the establishment of the American Fair Markets Organization, a lobbying group for prediction markets, and has invited former White House Deputy Chief of Staff Taylor Budowich to serve as a strategic advisor. The organization plans to promote the development of federal policies for prediction markets, support the CFTC in regulating prediction markets, and advocate for federally regulated platforms with KYC, bans on insider trading, and restrictions on markets related to violence or terrorism. On the same day, the U.S. House of Representatives launched an investigation into Kalshi and Polymarket, focusing on issues of insider trading.
