Prediction market companies are expanding their lobbying footprint in Washington, D.C., where government officials have been slow to enter the escalating policy fight between the likes of Kalshi and Polymarket and traditional sports betting giants.
From April through June, the nation’s leading prediction market company, Kalshi, spent $500,000 lobbying federal policymakers on “matters affecting prediction markets,” according to new federal records. That’s more than the company has spent in a single quarter since first registering to lobby in July 2025.
Kalshi also hired a team of lobbyists at FTP, the firm formerly known as Forbes Tate Partners, to work on “issues related to legislation governing regulation of prediction markets,” according to a federal lobbying registration form filed last week. Kalshi did not respond to an email requesting comment on its specific lobbying activities or decision to retain FTP.
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Polymarket’s parent company, Blockratize, has a comparatively smaller federal lobbying operation. Blockratize paid Advocus Partners $90,000 during the second quarter to “provide strategic counsel and advocacy regarding development of digital asset policy and information markets.”