Kalshi dey back AFM as Congress dey check controls for insider-trading

Kalshi don back new prediction markets advocacy group wey dem call Americans for Fair Markets (AFM), as US regulators and lawmakers dey apply more pressure. AFM go dey lobby for clear federal rules for prediction markets and consumer protections, dem go put eye for KYC checks, ban insider trading, full funding for the CFTC, and limits on contracts wey concern war, death, terrorism, and assassination. AFM launch with Taylor Budowich, former deputy White House chief of staff, as strategic advisor. Kalshi government relations head John Bivona join AFM board. Kalshi talk say gaming interests dey try to dominate the policy debate. Timing sensitive for prediction markets: US House Committee on Oversight don open investigation into Kalshi and Polymarket, dem request records on user checks, geographic restrictions, and systems to control suspicious trading. The probe follow worry say users fit profit using non-public government information. Meanwhile, regulators still dey divided whether event contracts fall under CFTC derivatives framework or state gambling rules, and court rulings never automatically move state cases to federal court. For crypto traders wey dey watch on-chain/crypto-adjacent prediction narratives, near-term volatility likely around regulatory headlines. Long-term direction go depend on whether clearer CFTC-led oversight fit reduce compliance uncertainty for prediction markets.