Kalshi-backed prediction market advocacy group launches with former Trump aide on board.

A new advocacy group backed by Kalshi, the CFTC-regulated prediction market exchange, has made its debut with support from a former Trump administration aide. The group's formation signals a coordinated push to shape federal policy around event-contract markets — an asset class that gained significant mainstream visibility during the 2024 election cycle.

Kalshi has been at the forefront of legitimizing prediction markets in the US, having won a landmark legal battle against the CFTC in 2024 to list political event contracts. A dedicated advocacy arm with White House-adjacent political connections suggests the industry is moving from courtroom wins to proactive legislative influence — a meaningful step for a market structure that still lacks a clear federal framework.