GoKawiilEx-Senator Blanche Lincoln Now Lobbies for Kalshi After Backing 2010 Gambling Ban
Former Senator Blanche Lincoln, who helped write Dodd-Frank provisions letting regulators ban sports-event betting on prediction markets, has been lobbying Congress and the CFTC since 2024 on behalf of Kalshi to allow such wagers. The 2010 law left the decision to the executive branch; the Biden administration restricted sports-based contracts, while the Trump administration has moved to permit them and is contesting state efforts to regulate prediction markets.
GoKawiil's interpretation of the reporting above, not reported fact.
The reversal highlights how former lawmakers can later work to unwind rules they authored, raising questions about the revolving door between regulation and industry lobbying. It also underscores a live regulatory fight over whether prediction markets count as commodities trading or gambling, with federal and state authorities potentially headed for court conflict.
- Blanche Lincoln warned in 2010 that prediction markets could become disguised sports gambling.
- She now lobbies for Kalshi, urging regulators to allow the very bets she once opposed.
- The Trump administration is pushing to permit sports-based prediction contracts and block state restrictions, setting up possible legal battles.
Source: futurism.com — Victor Tangermann, 2026-10-10
Published there as: “Senator Who Tried to Ban Prediction Markets Gets Hired by Kalshi as a Lobbyist”
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