Prediction markets spend millions to influence state, federal governments
Prediction market platforms have spent at least $3 million on lobbying and campaign contributions this year. These platforms offer contracts to speculate on future events.
Kalshi, Polymarket and the Coalition for Prediction Markets have spent at least $3 million this year on lobbying and campaign contributions across the federal and state levels, according to a new report from the government watchdog group OpenSecrets. Prediction market platforms say they are like commodity markets that offer contracts to speculate on the future […]
READ NEXT
More on the wire
AI TLDR
Iowa lawmakers approved a bill offering $1.4 billion in tax incentives for a $15 billion steel mill project, marking the state's largest economic development deal.
AI TLDR
A former Polk County lawyer faces additional sanctions after admitting to practicing law while his license was under suspension.
AI TLDR
The article explores the history of reclusive musician Jandek and his 2007 live performance at Grinnell College.