Kalshi Hires 5 Democratic Lobbyists to Fight Sports Contract Ban in CLARITY Act
Updated
Updated · POLITICO · Jul 17
Kalshi Hires 5 Democratic Lobbyists to Fight Sports Contract Ban in CLARITY Act
3 articles · Updated · POLITICO · Jul 17
Summary
Five Forbes Tate Partners — Libby Greer, Cindy Brown, Michael Williams, Kelley Williams and Trevor Hanger — began representing Kalshi on July 1, according to a disclosure filed Thursday.
Kalshi is adding Democratic muscle as it tries to keep language banning sports contracts off prediction-market platforms out of the Senate’s CLARITY Act and braces for possible Democratic House control in 2027.
That fight pits Kalshi and the CFTC against casinos, tribes and several states, which argue sports-event contracts are gambling subject to state regulation and taxation rather than federal oversight.
Casino groups including the American Gaming Association are pressing senators to add the restriction, while Kalshi argues prediction markets are unrelated to the crypto bill and says many lawmakers in both parties agree.
Congress is set to weigh the issue again Tuesday, when a House Agriculture subcommittee holds a hearing on customer protections and market integrity in sports prediction markets.