Kalshi-backed prediction market advocacy group debuts with support from former Trump aide

<p class="p1"><span class="s1">A new advocacy organization focused on prediction markets has emerged as the midterm elections approach and will be supported by former White House Deputy Chief of Staff Taylor Budowich.</span></p>

<p class="p2"><span class="s1">On Friday, Kalshi announced that Budowich will be a strategic advisor for Americans for Fair Markets, a new group which it says will </span><span class="s2">"take on the sportsbook and casino interests that are focused on protecting their monopolies and seeding lies about prediction markets to policymakers." Kalshi is backing the group. </span></p>

<p class="p4"><span class="s2">"We're not going to be outspent or out-organized by entrenched interests protecting their monopolies," said board member John Bivona, head of government relations at Kalshi in a statement.

"Millions of Americans have shown they want regulated, open, and fair prediction markets — and we're going to make sure they have access to them." </span></p>

<p class="p4"><span class="s2">Prediction markets have gone mainstream over the past few years, gaining popularity after the 2024 elections, when people were able to bet on key races.