Prediction markets platform Kalshi has added Stephanie Cutter, a former Obama staffer, as a policy adviser, aiming to deepen relationships in Washington and nationwide. Cutter brings expertise in government communication. Meanwhile, the company continues to grapple with legal challenges under new CFTC leadership, which asserts exclusive jurisdiction over these markets.
Some US lawmakers propose banning politicians from prediction market betting due to 'suspicious trades'. The future regulatory landscape remains uncertain as no new laws have been enacted yet.