PrizePicks is lobbying on federal regulation of prediction markets, online gaming, and the Indian Gaming Regulatory Act (IGRA) as two federal appeals courts ruled against prediction-market platforms during the third quarter of 2026.
The Ninth Circuit held in August that Nevada could enforce its gaming laws against Kalshi’s sports-related event contracts, and the Sixth Circuit reached the same conclusion in September, each describing the rulings as setbacks for platforms offering sports-event contracts outside state gaming frameworks.
PrizePicks’ in-house third-quarter report, signed November 3, discloses $320,000 in lobbying expenditures, up $90,000 from the $230,000 reported in each of the first and second quarters of 2026.
Across the filings identified for each quarter, PrizePicks’ lobbying spending totaled $636,000 in the third quarter of 2026, up from $546,000 in the second quarter and $506,000 in the first.
