Prediction market platform Kalshi has backed a new lobbying organization called Americans for Fair Markets, aimed at shaping US policy around prediction markets and financial event betting. The group plans to defend prediction markets against criticism from sportsbooks and casinos, which Kalshi argues are trying to protect traditional gambling monopolies from new competition.

The move is important because prediction markets are increasingly becoming a major battleground between regulators, gambling companies, fintech firms, and crypto platforms. Unlike traditional betting apps, prediction markets operate under financial market frameworks regulated by the Commodity Futures Trading Commission instead of state gambling laws. This legal distinction could determine whether prediction markets become a mainstream financial product or face heavy restrictions across the United States.