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
A man was sentenced to jail and three years of probation after pleading guilty to theft of a firearm. The sentencing follows a road rage incident where he allegedly brandished the stolen weapon at another driver.
AI TLDR
Salt Lake City police have arrested a man accused of firing multiple shots during a confrontation in August.
AI TLDR
The Utah Department of Safety assists in retrieving personal property that falls from vehicles onto state highways.