Polymarket, Kalshi expand political donations as firms face state, federal scrutiny

Prediction market operators Kalshi, Polymarket and their founders have given at least $5 million combined to Republican and Democratic political groups ​this election cycle, according to campaign finance records and a private remittance document seen by Reuters.
The spending includes a previously unreported $1 million donation Polymarket made to a Democratic nonprofit ‌that does not disclose its donors, the remittance document shows.