Kalshi adds Trump ally Budowich to Coalition for Prediction Markets as second lobbying arm
Kalshi has backed the Coalition for Prediction Markets, a lobbying group formed in December 2025 with Coinbase, Crypto.com and Robinhood, and hired Trump ally Taylor Budowich as a strategic adviser, according to multiple reports. The coalition is distinct from Americans for Fair Markets, a separate Kalshi-backed lobbying vehicle that debuted days earlier as Congress opened an insider-trading probe. John Bivona, Kalshi's head of government relations, said the group would not be 'outspent or out-organized by entrenched interests protecting their monopolies.' The dual lobbying push comes as the CFTC defends Kalshi against state enforcement in Minnesota, Wisconsin and Ohio, and as the Ninth Circuit denied Kalshi and Polymarket a federal preemption shield. State gambling cases continue to pressure platforms seeking CFTC-led oversight nationwide.
The Coalition for Prediction Markets joins Americans for Fair Markets as Kalshi's second dedicated lobbying vehicle, giving the platform separate channels to press federal preemption in court and spend directly on Capitol Hill while state felony bans advance in Minnesota and Wisconsin.
Joins Kalshi's Americans for Fair Markets launch earlier this week and the Coalition for Prediction Markets' December 2025 formation with Coinbase, Crypto.com and Robinhood, giving the platform three distinct advocacy channels as federal preemption faces its first Ninth Circuit reversal and Minnesota moves toward a felony ban.