Kalshi and Polymarket spent at least $3M on lobbying in 2026

Prediction platforms expand their lobbying reach

Kalshi and Polymarket spent at least $3M on lobbying in 2026, according to bonus.com. The spending places political engagement alongside the platforms’ efforts to shape the debate over prediction-market rules.

The two companies and the Coalition for Prediction Markets have deployed lobbyists across 41 states, according to the outlet. That footprint points to a broad state-level effort rather than a campaign confined to a handful of jurisdictions.

The report also describes hundreds of thousands directed toward both Democrats and Republicans. The available summary does not identify the recipients or provide a breakdown of those amounts.

The full source text was unavailable for this Oct 13, 2026 report. The supplied material does not specify how lobbying spending was divided between Kalshi and Polymarket, which states were targeted, or what particular rule changes the organizations sought.

What it means for prediction markets

• State-level policy is a key watchpoint. The 41-state lobbying footprint makes developments across multiple jurisdictions relevant to readers tracking prediction-market regulation.
• Spending is not an outcome. The reported lobbying activity demonstrates engagement, but the available material identifies no resulting legislative or regulatory decisions.
• Important details remain unresolved. Without specific proposals, spending allocations or recipient information, the report offers limited grounds for assessing the likely direction of policy.