TBNTechPolitics
A senator tried to ban gambling on prediction markets—now she's a Kalshi lobbyist
Publication: Ars Technica - All content
Author: Jon Brodkin
Source published: 08/10/2026, 11:00:14 UTC
Briefing created: 08/10/2026, 14:00:43 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/10/2026, 11:58:24 UTC.
Briefings
US Senator Blanche Lincoln predicted prediction markets could evade gambling laws in 2010 by offering event contracts around major sporting events. She later became a Kalshi lobbyist and has received $480,000 from Kalshi since 2024 for advocating looser regulation. The article notes she urged the CFTC to allow sports gambling on prediction markets.
Key points
- Senator Blanche Lincoln warned in July 2010 that prediction markets could evade gambling laws by using event contracts to wager on sports like the Super Bowl and Masters golf tournament.
- Since 2024, Senator Lincoln has received $480,000 from Kalshi for lobbying Congress and the CFTC to allow sports gambling on prediction markets.
Context and limitations
Evidence covers only Senator Lincoln's 2010 warning and her 2024 lobbying activities; it does not include data on current market performance, regulatory outcomes, or the specific impact of her lobbying efforts.
Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 08/10/2026, 14:00:43 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.
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