WASHINGTON — FTP, the lobbying and public affairs firm long known as Forbes-Tate, picked up the prediction market operator Kalshi as a lobbying client this summer and last month rolled out a congressional oversight practice, even as its reported lobbying revenue ran below last year’s pace, according to filings under the Lobbying Disclosure Act and the firm’s own announcements.
The firm, which still files with Congress under the name Forbes-Tate from its offices at 777 6th Street NW, reported $18.62 million in lobbying revenue for the first three quarters of 2026. That is about 6.7% less than the $19.95 million it reported for the same nine months of 2025. The figures are firm revenue from lobbying clients, as reported to Congress, not the pay of any individual.
A new oversight pitch
On Oct. 8, FTP announced a team to help companies prepare for congressional investigations. “Aggressive oversight will become a top congressional priority in January, no matter which party holds the gavel,” said Libby Greer, a partner and the firm’s head of government relations. “Companies should prepare in advance and be ready to protect against any threat or leverage any opportunity.”
Robert Mathias, the firm’s managing partner, said in the same release that “congressional oversight can put a company’s reputation, leadership, and business at risk long before a hearing begins,” adding: “One team, one strategy. No gaps when the pressure spikes.”
Kalshi and prediction markets
Kalshi, which runs an online prediction marketplace, registered FTP as its lobbyist on July 16, listing “issues related to legislation governing regulation of prediction markets.” In its third-quarter report, FTP disclosed $60,000 in income from Kalshi under the financial institutions issue code.
Kalshi was not the firm’s first client in the space this year. Paradigm, the venture capital firm, registered with FTP in the first quarter on “AI financial services, prediction markets, and cryptocurrency.” FTP reported $60,000 from Paradigm in the first quarter on stablecoin regulation and prediction markets, then filed a termination report for the second quarter showing $30,000.
Who pays the most
| Client | 2026, Q1–Q3 | 2025, Q1–Q3 | Issue areas |
|---|---|---|---|
| Invivyd | $300,000 | — | Health issues |
| Peloton Interactive | $270,000 | $270,000 | Consumer, health, sports, trade |
| Options Clearing Corp. | $270,000 | $270,000 | Financial institutions |
| The Cure Coalition | $270,000 | — | Budget, health |
| Gilead Sciences | $260,000 | $270,000 | Health issues |
| CRH Americas Materials | $250,000 | $240,000 | Roads, transportation |
| General Atomics | $250,000 | $300,000 | Budget, energy |
The biggest 2026 account so far is a new one. The biotechnology company Invivyd has paid the firm $300,000 through September, according to its filings, more than any other client. Several returning clients, including ABB, Blackstone, CoreWeave, PhRMA, Merck KGaA and Uber, each reported $240,000, the same as a year earlier. General Atomics, the defense contractor, is down to $250,000 from $300,000.
FTP reported income from 153 clients in 2026, compared with 170 across all of 2025. It filed 20 new client registrations this year, including the State of North Carolina on Hurricane Helene disaster aid ($140,000 through the third quarter), Johnson & Johnson on the 340B drug pricing program ($50,000 in the third quarter), the real estate company Compass ($50,000) and, on Oct. 15, the wildfire detection company Pano AI.
The roster
The firm listed 28 lobbyists on its 2026 reports. Several disclose prior government jobs, as the law requires. Greer, listed as Elizabeth Greer, was chief of staff to former Rep. Allen Boyd (D-Fla.) from 2001 to 2009. Jeffrey Strunk was deputy floor director for Speaker John Boehner from 2010 to 2013. Samantha McLean was a senior legislative assistant to Sen. Ted Cruz (R-Texas) from 2018 to 2023, and Tori Smith was a policy adviser to Sen. Marsha Blackburn (R-Tenn.) from 2023 to 2025. Jeffrey Forbes, whose name the firm long carried, also appears on the reports.
The roster includes former aides to members of both parties, and the filings show the firm working across health care, energy, finance and now prediction markets. The fourth-quarter reports, due in January, will show whether the oversight push and new accounts close the gap with 2025.
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