Fiscalnote Holdings, Inc. · OTC:NOTE
Fiscalnote — Investor Presentation (February 2026)
8 slides from Fiscalnote's investor presentation, Feb 20, 2026
Slide 1: Political Prediction Markets: A Structural Growth Opportunity
Political Prediction Markets: A Structural Growth Opportunity February 19, 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements herein may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or FiscalNote’s future financial or operating performance. For example
Slide 3: Trademarks & Use of Data
Trademarks & Use of Data Trademarks FiscalNote owns or has rights to various trademarks, service marks and trade names it uses in connection with the operation of its businesses. This presentation may also contain trademarks, service marks, trade names and copyrights of third parties, which are the
Slide 4: Rapidly Scaling Market at an Inflection Point
Political and macroeconomic contracts are increasingly central to this expansion: ~$7.2B of 2025 volume came from political markets. Non-election political markets generated ~$3.5B in 2025, signaling activity beyond major election cycles. Political and macro contracts hold ~2.5× more open interest t
Slide 5: Markets Now Drive Sustained Year-Round Liquidity
Political Markets Now Drive Sustained Year-Round Liquidity While the 2024 presidential election generated $3.7B+ in volume, the more important signal is the emergence of sustained non-election liquidity. In 2025 alone: Central bank policy contracts exceeded $1.5B in volume. Legislative, fiscal, judi
Slide 6: From Retail Trading to Institutional Risk Infrastructure: The Structural Shift in Prediction Markets
From Retail Trading to Institutional Risk Infrastructure: The Structural Shift in Prediction Markets Phase 1: Retail-Driven Adoption (Today) Phase 2: Institutional Integration (Emerging) Speculation around elections and sports ~$44–$63B annualized volume in 2025 High engagement, improving liquidity
Slide 7: Leveraging FiscalNote's Core Strengths in an Expanding Category
Leveraging FiscalNote’s Core Strengths in an Expanding Category Political prediction markets rely on structured policy intelligence — an area where FiscalNote has built durable, defensible capabilities over more than a decade. Unmatched Depth and Breadth of Policy Expertise Proprietary Data, Intelli
Slide 8: Contact
Contact ir@fiscalnote.com FISCALNOTE 1201 Pennsylvania Ave NW 6th Floor Washington, DC 20004 202.793.5300 +FISCALNOTE 8
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