EconomySenator who sought to ban gambling on prediction markets is now a Kalshi lobbyist
In 2010, then-Sen. Blanche Lincoln warned that sports event contracts on prediction markets could be used solely for gambling. Now a lobbyist for Kalshi, she has urged the CFTC to loosen oversight of event contracts. The firm she founded has received $480,000 from Kalshi since 2024 for lobbying Congress and the commission.
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Ars Technica★★☆☆☆2026-10-08 11:00Original
Senator who sought to ban gambling on prediction markets is now a Kalshi lobbyist
Economy