From Futurism · Victor Tangermann · · 40s
Senator Blanche Lincoln Hired by Kalshi
Former senator who banned prediction markets now lobbies to allow sports gambling on them.
In brief
Former senator who banned prediction markets now lobbies to allow sports gambling on them. Senator Blanche Lincoln, who helped ban prediction markets in 2010, now lobbies to allow sports gambling on them for Kalshi. Originally reported by Futurism.
Senator Blanche Lincoln
Former senator Blanche Lincoln (D-AR) once fought to ban prediction markets in 2010.
“It would be quite easy to construct an event contract around sporting events such as the Super Bowl, the Kentucky Derby, and Masters golf tournament”
Dodd-Frank Law
She helped write the Dodd-Frank Wall Street Reform and Consumer Protection Act to ban sports gambling on prediction markets.
Current Lobbying
Since 2024, she has lobbied Congress and the CFTC to allow sports gambling on prediction markets.
Trump Administration
The Trump administration is fighting to prevent states from enacting gambling laws for prediction markets.
At a glance
Senator Blanche Lincoln, who helped ban prediction markets in 2010, now lobbies to allow sports gambling on them for Kalshi.
