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.