In 2010, US Senator Blanche Lincoln was a key player in drafting legislation that aimed to ban sports gambling on prediction markets. Now, she's lobbying for the very thing she once sought to regulate. Her firm has received $480,000 from Kalshi, a prediction market firm, for efforts to loosen regulations. This dramatic shift has raised eyebrows, especially given her role in making the original law. Lincoln's change of heart appears to be more about money than morality, as the firm's lobbying has led to a push for more lenient regulation. Meanwhile, the CFTC is under pressure to reconsider its stance on event contracts, which could have far-reaching implications for the future of prediction markets and gambling regulations.