Kalshi’s Clout in Washington Grows

“Kalshi’s profit margins depend on keeping Washington on its good side. It’s spending big in D.C. to make that happen as the prediction market company manages regulatory threats, potential legislative action and public relations challenges,” NOTUS reports.

“Kalshi now has over two-dozen federal lobbyists working on its behalf. Almost all of them have congressional bona fides, including a pair of one-time legislative directors under Minority Leader Chuck Schumer and a handful of former chiefs of staff and senior counsels to other lawmakers.”