Predict that lobbying spending in the market industry will reach a historic high

According to Bloomberg, it is predicted that the market industry will increase lobbying efforts in Washington to cope with regulatory pressure. In the first quarter of 2026, lobbying spending in the industry reached at least $1.84 million, a year-on-year increase of over 60% and a historic high. Kalshi has newly registered two lobbying companies and hired former Obama advisor Stephanie Cutter to strengthen her influence within the Democratic Party. Legislators have proposed more than ten bills, with some Democrats and Republicans hoping to include the prediction market in the gambling regulatory framework, while the industry advocates continuing to be governed by the Commodity Exchange Act. Donald Trump Jr. is a Polymarket investor and Kalshi strategic advisor.