Senator Blanche Lincoln, who authored legislation to ban sports-event contracts on prediction markets, is now lobbying on behalf of Kalshi, a regulated prediction market platform. The story highlights a notable reversal in her stance on prediction market regulation.
Background
Prediction markets like Kalshi have gained regulatory traction in the US following CFTC approval, allowing them to offer event-based contracts. Kalshi became the first federally approved prediction market in 2023.
- Source
- Ars Technica
- Published
- Oct 8, 2026 at 07:00 PM
- Score
- 6.0 / 10