Add your voice: Stop Prediction Markets
In the 2020s, gambling is everywhere. Companies like FanDuel and DraftKings are pushing betting into every inch of the sports experience, and companies like Kalshi and Polymarket are looking to bring that same experience to everything else.
Instead of gambling, they call them “prediction markets.” Kalshi’s CEO describes their business this way:
"The long-term vision is to financialize everything and create a tradable asset out of any difference in opinion."
Donald Trump Jr. is a strategic advisor to BOTH Kalshi and Polymarket. So it’s no surprise that the Trump administration is looking to clear out the regulatory landscape that protects consumers from markets like these.
The Commodity Futures Trading Commission is considering a sweeping deregulation of prediction markets. And we just have a few days to make our voices heard. Can you use our simple tool to add your voice against these prediction markets?
Here’s the truth about these markets: On Polymarket, just 0.04% of traders capture 70% of the profits.
While they claim that they are “democratizing finance,” their business model enables a handful of elites to fleece their customers. Kalshi’s ads feature people who say they quit their 2nd jobs because they make more money predicting the weather.
That’s why these companies spend so much on marketing, specifically telling working people that it’s a ticket to financial security. They promise people the chance to regain control of the chaos, get an inside edge on our rigged economy. But our reporting reveals that what these companies are really looking for is a way to get more of what hustlers call “dumb money” into their markets.
Now, these companies are pushing the Trump administration to lock in deregulation before the backlash comes. We can’t let that happen.
Add your voice to our official comment: Tell the CFTC that prediction markets need MORE regulation, not less!
Click ‘START WRITING’ to load our sample comment. You can submit it to the CFTC as-is, or personalize it for more impact!