Kalshi backs prediction markets lobby group with former Trump official
Kalshi, a prediction market platform, has formed a lobbying group to advocate for the regulatory interests of prediction markets, enlisting the help of former Trump administration official, Michael Kratsios. The initiative aims to promote the benefits of prediction markets in providing insights into future events and enhancing market efficiency. The group will focus on engaging with policymakers to shape favorable regulations for the industry. Kalshi's move reflects a growing recognition of the potential of prediction markets in various sectors, including finance and politics.
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