Ex-Dem senator who sought to crack down on sports gambling now lobbying for Kalshi — as firm rakes in $480K: report (Blanche Lincoln)

What are the odds on blatant hypocrisy from a retired member of Congress? Former Democratic Sen. Blanche Lincoln, who helped write legislation giving federal regulators authority to crack down on gambling through financial markets, is now lobbying for prediction market giant Kalshi — which has paid her firm $480,000 since 2024, according to a report. During her time in office, the Arkansas pol warned that sports event contracts served no genuine commercial purpose. Now she argues that the same types of wagers offer legitimate financial benefits, Ars Technica reported. The reversal comes amid a nationwide legal battle over whether Kalshi...