As the U.S. primary season winds down, the crypto industry's super PAC Fairshake has scored victories in multiple key districts. Backed by Coinbase, Ripple, and a16z, Fairshake has helped roughly 50 candidates win their nominations. These include Democratic Rep. Jake Auchincloss of Massachusetts and Republican Senate candidates Barry Moore, Andy Barr, Kevin Hern, and Harriet Hageman. Prediction markets Polymarket and Kalshi give these candidates better than 94% odds of winning the general election. Fairshake has reserved $122 million for the fall campaign but suffered a major setback in Illinois, spending over $10 million in a failed attempt to block Democrat Juliana Stratton. The Fellowship PAC spent only $11 million, far below its claimed $100 million, and the Winklevoss-backed Digital Freedom Fund has yet to back any specific candidate.
As the U.S. primary season draws to a close, the crypto industry's super political action committee (PAC) Fairshake has achieved victories in several key races. The PAC, backed by Coinbase, Ripple, and a16z, has helped about 50 candidates secure their party nominations.
Among the winners are Democratic Rep. Jake Auchincloss of Massachusetts and Republican Senate hopefuls Barry Moore of Alabama, Andy Barr of Kentucky, Kevin Hern of Oklahoma, and Harriet Hageman of Wyoming. Data from prediction markets Polymarket and Kalshi indicates that these candidates have a better than 94% chance of winning the general election.
Fairshake spokesperson Geoff Vetter said the group has set aside $122 million for the fall campaign. However, the PAC suffered its biggest defeat in Illinois, where it spent over $10 million trying to block Democrat Juliana Stratton from winning the nomination — an effort that ultimately failed.
On the broader crypto PAC landscape, the Fellowship PAC, supported by Cantor Fitzgerald and Anchorage Digital, actually spent about $11 million, far below the $100 million it had previously claimed. The Digital Freedom Fund, which received $21 million from the Winklevoss twins, has yet to back any specific candidate.
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