Kalshi Launches DC Office: Prediction Market Giant Goes Political

Kalshi opens Washington office, hires Biden administration veteran John Bivona. Prediction market leader expands lobbying with $100B trading volume.

Kalshi expands its government footprint with a new Washington office. The federally regulated exchange announced strategic hires from both political parties.

According to Business Wire, the prediction market leader appointed John Bivona as its inaugural Head of Federal Government Relations. The move signals aggressive lobbying plans for the financial innovation sector.

Biden Veteran Joins $100 Billion Trading Platform

Bivona brings nearly two decades of political expertise. He served as the first White House Liaison at the Department of Homeland Security under Biden.

His campaign resume includes work with the Democratic Congressional Campaign Committee. In 2018, he served as Deputy National Political Director during the pivotal House takeover.

The former Chief of Staff for Congressman Antonio Delgado launched Intersection Government Relations recently. He advised Fortune 50 companies and high-growth startups before joining Kalshi.

“Kalshi spent four years getting regulatory approval before it even launched a product,” Bivona stated, as reported by Business Wire. The platform pioneered the regulated prediction market category.

Bipartisan Expansion Strategy Targets State Policy

Kalshi recruited Blake Bee to lead state-level policy efforts. Bee joins from Amazon, where he managed state and local public policy.

He previously served as Senior Manager, engaging with state attorneys general. His seven-year tenure at the National Association of Attorneys General included directing its Center for Leadership Development.

Bee spent over eight years as Assistant Attorney General in Mississippi. He oversaw legislative and public policy matters in the state AG’s office.

The company plans to hire talent from both political sides. Its DC office expansion aims to promote responsible innovation in financial markets.

Regulatory-First Platform Processes Millions Daily

Kalshi became the first CFTC-regulated exchange for event-based trading. The platform covers news, politics, entertainment, and sports outcomes.

Millions of traders use the platform daily. It currently processes $100 billion in annualized trading volume.

The 2018-founded company legalized prediction markets as a financial asset class. It consistently outperforms traditional polling methods.

Reporters, politicians, Wall Street, and Main Street rely on Kalshi. The platform provides real-time information on future event likelihood.

Bivona noted the platform helps rebuild trust between institutions and Americans. The company’s regulatory-first approach distinguished it from competitors.

The DC office opening positions Kalshi for increased policy influence. The bipartisan hiring strategy suggests long-term government relations goals.