Deep Tide TechFlow news: On May 25, according to Cointelegraph, Kalshi supports the formation of a prediction-market lobbying organization, the U.S. Fair Market Organization, and has invited former White House Deputy Chief of Staff Taylor Budowich to serve as a strategic adviser. The organization said it will help drive the development of prediction market policy at the federal level in the United States and support the U.S. Commodity Futures Trading Commission, CFTC, in regulating prediction markets.



The report noted that on the same day, the U.S. House of Representatives launched investigations into Kalshi and Polymarket, focusing on how the two companies handle insider trading issues. The organization also said it will support federal regulatory platforms with KYC requirements, a ban on insider trading, and limits on markets related to violence or terrorism.
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