By The Weekly Edge desk · · Updated
Kalshi, Polymarket and their allies spent at least $3m on lobbying and political contributions in 2026, reported by Online Poker Report. The spending comes amid a US dispute over the rules governing prediction markets.
The lobbying seeks to influence the regulatory treatment of prediction market products in the USA.
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The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
The dispute concerns whether federal commodities regulators or gambling authorities should oversee sports contracts, affecting prediction market oversight.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
Ohio’s request puts disputed state and federal authority over sports prediction market operators before the Supreme Court.
The case and lawsuit could affect how sports event contracts operate and how Florida’s gaming compact applies to DraftKings’ platform.