Kalshi-Backed Prediction Market Advocacy Group Launches With Support From Former Trump Aide
Americans for Fair Markets launched with Kalshi backing and Taylor Budowich as an advisor, adding a named political figure to its push to influence policy on prediction markets and federally regulated exchanges.
Fact Check
Every element of the claim is directly confirmed by Kalshi's own official newsroom post ('New Kalshi-backed advocacy group launches to defend against gaming industry lies'), which names Taylor Budowich as strategic advisor and confirms Kalshi's backing of Americans for Fair Markets. Three independent crypto news outlets (The Block, Crypto Briefing, crypto.news) and Politico's Playbook all corroborate the same facts on the same date (May 22, 2026). Budowich's role as former Trump Deputy White House Chief of Staff under Susie Wiles is confirmed across all sources. There is no conflicting evidence.
Summary
Kalshi-backed advocacy group Americans for Fair Markets has launched with Taylor Budowich serving as an advisor. The group is positioned to influence federal policy on prediction markets and federally regulated exchanges and to challenge established gambling interests in the regulatory debate. This update adds the name of a specific advisor and reinforces the group’s role in a broader policy fight over how prediction markets are treated under U.S. regulation.
Terms & Concepts
- Prediction markets: Markets where people trade contracts tied to future events, with prices often interpreted as reflecting the likelihood of outcomes.
- Kalshi: A U.S. platform for federally regulated event contracts that allows trading on the outcomes of real-world events.