Kalshi backs prediction markets lobby group with former Trump official
Kalshi has announced its support for a new lobbying group called Americans for Fair Markets, aimed at advocating for prediction markets. The group has appointed former Trump official Taylor Budowich as its strategic advisor and intends to counter the influence of traditional sportsbooks and casinos. This initiative comes amid increased scrutiny of prediction markets in the U.S., including a probe into Kalshi and its competitor Polymarket.
- ▪Kalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets.
- ▪The group aims to shape federal policy on prediction markets and counter misinformation from sportsbooks and casinos.
- ▪Americans for Fair Markets will support the Commodity Futures Trading Commission in regulating prediction markets.
Cointelegraph files mainly under crypto. We currently carry 42 of its stories.
Story provenance
Source · retrieval · rights · ranking — open for full record
inspect →
Story provenance
Attribution is not the same as permission. This drawer separates discovery metadata, excerpts, WeSearch-generated summaries, reuse status, and whether the publisher receives the visit. Nothing here claims a legal grant the publisher has not made.
Record
| Original publisher | Cointelegraph |
| Canonical URL | https://cointelegraph.com/news/kalshi-launches-advocacy-group-to-counter-anti-prediction-market-lobbying?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound |
| Publication time | Mon, 25 May 2026 05:07:32 +0000 |
| Retrieval time | 2026-05-25T05:37:36.224Z |
| Last seen | 2026-05-25T05:37:36.224Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | afesef0QrHJ3 |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
Rights status (four layers)
WeSearch handling by dimension
| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Written by Martin Young, Staff Writer. Reviewed by Jesse Coghlan, Staff Editor. Written by Martin Young, Staff Writer. Reviewed by Jesse Coghlan, Staff Editor. Kalshi backs prediction markets lobby group with former Trump officialLatest NewsPublishedMay 25, 2026"We’re not going to be outspent or out-organized by entrenched interests protecting their monopolies," said John Bivona, head of government relations at Kalshi. Kalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets, which has tapped former deputy White House chief of staff Taylor Budowich as its strategic advisor.Kalshi said on Friday that the organization is positioning itself against sportsbooks and casinos, which it claims are “focused on protecting their monopolies and seeding lies…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Cointelegraph.
Discussion
0 commentsMore from Cointelegraph
