By The Weekly Edge desk · · Updated
Kalshi, Polymarket and their allies spent at least $3m on lobbying and political contributions in 2026, reported by Online Poker Report. The spending comes amid a US dispute over the rules governing prediction markets.
The lobbying seeks to influence the regulatory treatment of prediction market products in the USA.
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Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
The agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
The dispute concerns whether federal commodities regulators or gambling authorities should oversee sports contracts, affecting prediction market oversight.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.