Ex-Senator Who Fought Prediction Markets Now Lobbies for Kalshi

Former senator Blanche Lincoln (D-AR), who pushed to ban sports betting on prediction markets in 2010, has lobbied for Kalshi since 2024, earning nearly $500,000. She now urges Congress and the CFTC to allow sports bets on prediction platforms, effectively undoing her own legislation.

• Lincoln helped write Dodd-Frank, giving the CFTC power to ban sports bets on prediction markets
• Lincoln Policy Group has been paid almost $500,000 by Kalshi since 2024
• About 20 states are challenging Congress over prediction market legality
• The Trump administration is fighting state gambling laws targeting prediction markets