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Prediction markets and opponents ramp up lobbying spending for 2026
Kalshi and industry groups have increased lobbying budgets in 2026, according to CNBC Markets, as lawmakers face competing arguments over prediction-market activities.
Prediction markets and their opponents are both increasing lobbying efforts aimed at Congress for 2026, CNBC Markets reports.
The outlet says Kalshi and groups representing the casino and gaming industry and online sports betting apps have boosted their spending for the upcoming legislative push.
CNBC Markets frames the escalation as part of the growing competition over influence in Congress regarding prediction-market rules and oversight.