Ex-Senator Lincoln, author of prediction market law, now lobbies for Kalshi

Former Senator Blanche Lincoln, a primary author of the Dodd-Frank provision regulating prediction markets, now lobbies for Kalshi and urges the CFTC to allow sports betting on event contracts. Her firm has received $480,000 from Kalshi since 2024. About 20 states are suing Kalshi and Polymarket over sports wagers.

• Lincoln warned in 2010 that event contracts could be used solely for gambling
• Her firm has received $480,000 from Kalshi since 2024 for lobbying Congress and the CFTC
• Kalshi launched sports betting on January 23, 2025
• State lawsuits against Kalshi and Polymarket are underway in about 20 states