Prediction Markets Ramp Up Lobbying Ahead of Midterms

The Daily Caller states that Kalshi, Polymarket and related sectors spent more on lobbying to secure lawmakers' support. The post notes prediction markets drew scrutiny over insider trading risks and unlicensed state gambling. It adds that the industry increased such spending even as gambling addiction issues rose. A linked article from the outlet is titled Prediction Markets Ramp Up Lobbying Efforts As Midterm Elections Loom and reports Congress raised concerns about the sector ahead of midterm elections.