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Story: Kalshi Launches Fair Markets Lobby Group as Congress Probes Prediction Market Insider Trading

By Maheen Hernandez

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What Fair Markets Is Actually For. The lobby group's core job is to engage policymakers directly — to get Kalshi's version of events…

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The Regulatory Pressure Building on Prediction Markets. Kalshi's move to form Fair Markets probably won't surprise anyone who's been watching the…

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Kalshi didn't wait around. The U.S.-based prediction market platform has set up a brand-new lobbying entity called "Fair Markets" — and the timing is pretty hard to miss, landing…

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The company isn't exactly a household name outside crypto and trading circles, but Kalshi runs a platform where users bet on the outcomes of real-world events — elections,…

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Fair Markets is the vehicle for that push.

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The lobby group's core job is to engage policymakers directly — to get Kalshi's version of events in front of lawmakers before any new rules get written.

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Prediction markets have grown fast. Platforms like Kalshi let traders take positions on outcomes that weren't really tradeable before — things like whether a specific bill…

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Kalshi wants clearer rules. Or at least, it wants to be in the room when those rules get written.

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The congressional investigation into insider trading is broader than just Kalshi — it's basically a wide look at whether people with non-public information are exploiting…

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Whether Kalshi itself is accused of anything specific isn't spelled out in what's been made public so far. Details of the probe are still pretty limited.

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Related: Polymarket Hit by $600K Exploit Tied to Private Key Breach, User Funds Safe

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And the regulatory pressure is real. Congress has been more aggressive about financial market oversight generally.

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Kalshi has pushed back on that kind of framing before. The company has argued that its markets actually improve price discovery and give people a way to hedge real-world risks.

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It's unclear exactly how many people are behind Fair Markets or what its initial budget looks like. No details on staffing or funding have been made public.

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But the intent seems clear enough — Kalshi wants a seat at the table. The congressional probe creates pressure, and Fair Markets is the response to that pressure.

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