Prediction Markets Boost Political Donations
Prediction market operators Kalshi and Polymarket have contributed at least five million dollars to political groups this election cycle. The surge in spending coincides with growing state and federal scrutiny over wagers.
Prediction market operators Kalshi and Polymarket have injected $5 million into political campaigns across the United States, marking a sharp increase in lobbying expenditure. The spending surge comes as both companies battle state-level gambling lawsuits and federal scrutiny over insider trading concerns. Investors face potential regulatory shifts that could alter the trajectory of prediction markets.
