Kalshi has increased its lobbying efforts in the state of New York as lawmakers advance proposals to regulate the fast-growing prediction market sector, according to Bloomberg Law.
Kalshi registered with the state lobbying commission on 21 February, securing a US$10,000-per-month contract with Albany firm Brown Weinraub.
According to filings, the company plans to lobby on financial services issues and legislation related to prediction markets. Rival platform Polymarket has not registered to lobby in the state.
It comes as state legislators have introduced at least three bills that would establish licensing requirements and age restrictions for platforms that allow users to trade contracts on the outcomes of future events, from political speeches to sports games.
