Infiniti Intelligence Hourly Briefing — Oct 12, 2026 · 11:39 PM ET

Kalshi, Polymarket and the Coalition for Prediction Markets spent at least $3M combined on lobbying and political contributions in 2026, according to a Gaming America report cited in the supplied summary.

The spending reflects an industry push to secure federal oversight of prediction markets. For readers tracking regulatory outcomes, the distinction is important: the reported total measures advocacy activity, not a change in the rules.

What the spending figure establishes

The $3M figure is a minimum and combines lobbying with political contributions across the three named participants. The available summary does not break down spending by organization or distinguish how much went to each type of activity.

The linked bonus.com source’s page text was unavailable. The supplied material therefore does not establish who received the contributions, which specific measures the lobbying targeted or whether the effort produced any policy commitments.

What it means for prediction markets

• Federal oversight is an industry priority. The reported campaign signals an effort to shape the regulatory framework, but does not establish that federal oversight has been secured.
• Spending is not an outcome. At least $3M in combined activity shows resources committed to advocacy; it does not, on its own, demonstrate political support or the likelihood of a rule change.
• The aggregate limits comparisons. Without a breakdown, the report cannot establish the relative spending of Kalshi, Polymarket and the Coalition for Prediction Markets.

July set a new volume record

Kalshi, Polymarket and Polymarket US generated a combined $50.59B in trading volume in July, a monthly record, according to The Block data cited by gamblerss.com.

The three platforms’ combined volume increased 7.8% from June. The milestone came in the month the World Cup ended, leaving a question for subsequent reporting: how much activity would persist after the tournament?

Kalshi recorded $37.7B in July volume, up 14% month over month. Its growth outpaced the combined market’s increase, making it the largest contributor to the reported total.

The available summary does not provide separate volume figures for Polymarket or Polymarket US. With the source’s full text unavailable, it also does not establish how much July trading was tied to the World Cup or whether volume declined afterward.

What it means for prediction markets

• The record establishes a benchmark, not a post-tournament trend. July’s $50.59B total alone cannot show whether activity remained elevated after the World Cup.
• Kalshi’s growth exceeded the aggregate pace. Its 14% monthly increase compares with 7.8% across the three platforms, though the missing platform breakdown limits further comparisons.
• Volume is not a measure of forecast quality. The supplied figures describe trading activity; they do not establish market accuracy or the reliability of individual contract prices.