The prediction market's lobbying efforts come into focus as a former US senator and Kalshi lobbyist tries to rewrite the legislative history on sports betting via event contracts.
While I think it’s fundamentally unfair that some flavors of sports betting cost tens of millions to operate legally in the US and others have almost free rein, I think Kalshi has every right to lobby for a right to exist.
Lobbying allows underdogs to get a voice in lawmaking; without it we never would have seen a PASPA repeal.
I am not really implying it’s unfair, they have as much right to lobby as anyone else, and the gaming industry does a ton of it. I do take issue with a former senator/Kalshi lobbyist gaslighting us on the legislative history, though
While I think it’s fundamentally unfair that some flavors of sports betting cost tens of millions to operate legally in the US and others have almost free rein, I think Kalshi has every right to lobby for a right to exist.
Lobbying allows underdogs to get a voice in lawmaking; without it we never would have seen a PASPA repeal.
I am not really implying it’s unfair, they have as much right to lobby as anyone else, and the gaming industry does a ton of it. I do take issue with a former senator/Kalshi lobbyist gaslighting us on the legislative history, though