Prediction market platform Kalshi has joined a new industry lobby group with a former Trump administration official on board. John Bivona, Kalshi's head of government relations, vowed the company won't be outspent or out-organized by entrenched interests protecting monopolies. The move marks Kalshi's most direct push into policy advocacy yet.
Lobby Group Formation
Kalshi's backing brings major industry representation to the prediction markets lobby group. A former Trump administration official is involved though the individual's name and specific role weren't disclosed. The group formed recently to advocate for regulatory changes in the U.S. prediction markets sector.
Bivona's Declaration
In a statement, Bivona drew a hard line against industry opposition. The company will not be outspent or out-organized by entrenched interests protecting monopolies, he said. His remarks came as Kalshi seeks to counter regulatory hurdles that have limited prediction market growth.
Political Connections
The former Trump administration official's involvement adds political weight to the effort. Kalshi didn't reveal the person's past position or how they'll advise the group. This connection could help Kalshi navigate Washington policy channels where prediction markets face longstanding skepticism.
Industry Battle Lines
Bivona's comment frames Kalshi's position in clear terms: the company sees itself fighting monopolistic barriers. The lobby group now represents a coordinated front for prediction market firms seeking regulatory clarity. Current U.S. rules treat many prediction markets like gambling operations, restricting their growth.
Kalshi declined to share the lobby group's immediate timeline or specific policy targets after this reporting.
