Prediction markets spend millions to influence state, federal governments
Kalshi hired lobbyists in 41 states and funded both parties' AG groups as a federal agency with four vacancies sues states trying to regulate the industry.
Crypto
Crypto super PAC drops $30M to keep Sherrod Brown out of Senate
Fairshake is launching at least $30 million in spending against the Ohio Democrat just days after the Senate blocked the crypto industry's top legislative priority.
Ramaswamy wants Ohio pensions exposed to crypto. His own Bitcoin company just lost $523 million.
Ramaswamy's plan sets no limit on how much of Ohio's $284 billion pension assets could go into crypto.
Gary Click voted to limit local control over power-hungry crypto mines
The Ohio Republican voted for legislation restricting local governments from adopting rules specifically targeting large cryptocurrency-mining operations, then added his name as a cosponsor.
‘How is Vivek Ramaswamy not in prison?’ Ohio governor candidate accused of multibillion-dollar ‘pump-and-dump’ scheme
His mother helped rework failed Alzheimer's trial data as Ramaswamy sold nearly $40 million in stock before the drug failed its decisive Phase 3 test.
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Ramaswamy made $260M after his mom manipulated drug data. Now the billionaire says his generation ‘already made it.’
Oligarch Watch reports Ramaswamy's mother reanalyzed failed drug trial data before a $315M IPO, part of a $260M payout.
Ramaswamy backs opening Ohio retirement funds to crypto while holding a $69M stake in a bitcoin treasury company
Strive lost $257.6 million last quarter on bitcoin markdowns, meaning HB 18's pension provisions carry no cap unlike the treasurer's 10% limit.
Online prediction markets rile up state lawmakers
Kalshi has sued Iowa to block enforcement while 44 state attorneys general say federal regulators have no authority over sports prediction contracts.
Ramaswamy backs investing Ohio public funds in Bitcoin. Critics recall an earlier exotic-asset bet that became Coingate.
Republican State Treasurer Robert Sprague has signaled skepticism, while HB 18 stalls in committee with no vote scheduled.
Trump crypto founders bankrolled Ramaswamy as he pushes to invest Ohio public funds in Bitcoin
The $116,000 cluster arrived on primary day from founders of a venture under Senate scrutiny, while Ramaswamy holds Bitcoin and backs a bill to invest state pension funds in crypto.
Max Miller took $14,000 from crypto executives tied to federal cases while pushing to ease oversight
The donations came as Miller voted for crypto deregulation and co-authored a bill to exempt stablecoin purchases from capital gains tax.
Crypto, sports betting and other interests target Ohio’s biggest political races with millions in spending
Planned outside spending echoes Ohio’s historically expensive 2024 Senate race, while new filings show sports betting and school choice money is flowing into the governor’s race.
Ramaswamy's financial disclosure confirms personal stake in the crypto policies he's pushing
Vivek Ramaswamy personally holds Bitcoin and controls a company that has lost hundreds of millions on cryptocurrency — while pushing Ohio to invest billions in public pension funds into the same asset.
