Kalshi has responded to a smear campaign run by the group FairPredicts by launching a new advocacy group, Americans for Fair Markets (AFM). The company said the group will defend against the gaming industry's lies about prediction markets.
The company aims to defend against the gaming industry's misinformation regarding prediction markets. FairPredicts initiated an ad campaign accusing Kalshi of dishonesty with the tagline 'Kalshi Lies.' In response, Kalshi established Americans for Fair Markets to counter these allegations.
The new advocacy group seeks to address and combat false narratives and misconceptions about prediction markets perpetuated by FairPredicts and similar entities.
