Kalshi launches advocacy group with Trump aide
Kalshi is backing a new advocacy group to fight the gaming lobby over prediction market regulation.Americans for Fair Markets launched with Kalshi support to counter sportsbook and casino opposition to prediction markets.The group tapped former Deputy White House Chief of Staff Taylor Budowich as its strategic advisor.Prediction markets have grown into a roughly $500 billion asset class with millions of monthly U.S. users. The new organization, Americans for Fair Markets, launched on May 22 to shape federal policy on prediction markets and federally regulated exchanges. It will run paid and earned campaigns to counter what it describes as false narratives spread by sportsbook and casino interests. AFM has tapped Taylor Budowich, who most recently served as Deputy White House Chief of Staff under Susie Wiles, as its strategic advisor. The hire signals Kalshis deepening ties to Republican political circles as the prediction market industry faces intensifying regulatory scrutiny. Why Kalshi is escalating its lobbying effort The launch comes as the gaming lobby mounts its own offensive. FairPredicts, a new group backed by casino interests and led by former Governor Chris Christie through the American Gaming Association, recently began a six-figure ad campaign targeting Kalshi directly. “We‘re not going to be outspent or out-organized by entrenched