Kalshi backed Americans for Fair Markets and hired Taylor Budowich as strategic adviser, while the group plans to lobby alongside the Coinbase-, Crypto.com-, and Robinhood-backed Coalition for Prediction Markets.
Kalshi backed the lobbying group Americans for Fair Markets and hired former White House deputy chief of staff Taylor Budowich as a strategic adviser. The group supports oversight by the CFTC, know-your-customer identity checks, bans on insider trading, and restrictions on event contracts tied to violence and terrorism, and it will lobby alongside the Coalition for Prediction Markets, which is backed by Coinbase, Crypto.com, and Robinhood. The development comes as the U.S. House opened an inquiry into how insider trading is handled at Kalshi and Polymarket, adding scrutiny to compliance and supervision standards for prediction market platforms in the United States.