Analysis

The new kings of US election donations: AI, crypto and sports betting

During this year's US midterm election cycle, corporate donations reached a record of $648m, with crypto, AI and online betting companies accounting for $344m.

· 6 min read
Share this article
Follow us on Google
AI Summary
Sign in to listen
The new kings of US election donations
Key Points
Corporate spending on the 2026 midterms equals to one-third of all corporate donations since 2010
Kalshi and Polymarket have donated a combined $5m distributed to both Republicans and Democrats
FanDuel, Fanatics, DraftKings and bet365 have donated $72m so far

On November 3, the American people will vote on members of Congress and, this year, corporate interest in who will control the House of Representatives and the Senate has been particularly high. 

In the past 18 months, companies have donated more than $600m, 40% more than the entire 2024 election cycle. That's not all. According to the non-profit organization Public Citizen, one-third of all corporate money spent on political campaigns since 2010 has been spent on this election cycle. 

Reaction Board

News Analysis

View All
The new kings of US election donations

The new kings of US election donations: AI, crypto and sports betting

During this year's US midterm election cycle, corporate donations reached a record of $648m, with crypto, AI and online betting companies accounting for $344m.

6 min read • • By Patrick Fasolis
Alina Mihaela Popa Interview

Alina Mihaela Popa: Three techniques that make a flagship product

Iconic21's Chief Commercial Officer discusses how to grow an iGaming franchise.

4 min read • • By Will Underwood
SiGMA World Themes: AI, Crypto and more

SiGMA World preview: AI, crypto and the event's biggest themes

Experts from all over the world and across the whole industry will gather in November to discuss some of the biggest topics in gambling.

5 min read • • By Patrick Fasolis

In The News

View All