From New York Post · · 1m
Ex-Sen. Blanche Lincoln Now Lobbies Kalshi
Ex-Sen. Blanche Lincoln, who once warned sports contracts lacked commercial value, now pushes for prediction market firm Kalshi.
In brief
Ex-Sen. Blanche Lincoln, who once warned sports contracts lacked commercial value, now pushes for prediction market firm Kalshi. Ex-Sen. Blanche Lincoln, who argued sports event contracts had no legitimate commercial purpose, now lobbies for Kalshi which paid her firm $480,000 since 2024. Originally reported by New…
Ex-Sen Blanche Lincoln
Former Democratic Sen. Blanche Lincoln helped write federal legislation to crack down on gambling through financial markets.
“These types of contracts would not serve any real commercial purpose”
Lincoln's Stance on Sports Contracts
During her Senate term, Lincoln argued sports event contracts lacked legitimate commercial value and were used solely for gambling.
“These types of contracts would not serve any real commercial purpose”
Kalshi's Current Role
Kalshi, a prediction market firm, has paid Lincoln's lobbying firm $480,000 since 2024 for its sports event contracts.
“Kalshi has paid her firm $480,000 since 2024”
Legal Battle Over Sports Wagers
Kalshi and rival Polymarket face a legal dispute over whether federal financial regulations or state gambling laws apply to sports event contracts.
“The reversal comes amid a nationwide legal battle over whether kalshi and rival polymarket can offer sports wagers under federal financial regulations without complying with state gambling laws”
Lincoln's Current Position
Lincoln now argues sports event contracts have strong commercial value and should be regulated under federal oversight.
“Sporting events have strong commercial value because they have major impacts on advertising, apparel sales and the hospitality industry”
The bottom line
Ex-Sen. Blanche Lincoln, who argued sports event contracts had no legitimate commercial purpose, now lobbies for Kalshi which paid her firm $480,000 since 2024.
