Corporate political donations shatter record at US$646mil so far for US midterms
Corporate campaign donations had already exceeded the entire 2024 presidential cycle by 40%, with crypto, online betting and AI firms contributing US$344 million, more than half the total.
In the 18 months leading up to June, companies contributed a record $646 million to US political campaigns, a 40% increase from the total spent during the entire 2024 presidential election cycle, according to Public Citizen, a watchdog group. Major contributors included Koch Inc., online sports betting companies, Big Tobacco, cannabis companies, crypto entrepreneurs, and online betting firms. The surge in corporate donations has raised concerns about the disproportionate influence corporations can exert on politics.
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- Corporate political donations shatter record at US$646mil so far for US midterms freemalaysiatoday.com
