A senator tried to ban gambling on prediction markets—now she’s a Kalshi lobbyist
Summary
Ars Technica examines former senator Blanche Lincoln, who authored legislation that allowed a federal ban on sports-event contracts, and her current role lobbying for Kalshi to expand prediction markets. The piece traces Lincoln’s 2010 stance, her 2024 lobbying for broader market access, and the ongoing regulatory battles across multiple circuits and administrations that shape how prediction markets are governed in the U.S.