Crypto.com and Kalshi Lead Prediction Market Coalition Setup

Major crypto and fintech firms have formed a new coalition to push for clear federal rules as prediction markets gain traction across the U.S.

Crypto.com, Kalshi, Coinbase, Robinhood, and Underdog have teamed up to launch the Coalition for Prediction Markets (CPM), with the goal of providing a voice to prediction markets.

The effort, led by Crypto.com and Kalshi, aims to promote safe, transparent, and federally regulated prediction markets amid rapid sector growth.

“From day one, we wanted to be regulated,” said Kalshi’s head of corporate development Sara Slane, stressing the need for consistent rules over conflicting interpretations.

This story is an excerpt from the Unchained Daily newsletter.

Kalshi CEO Tarek Mansour said the coalition’s goal would be to work with policymakers to educate the public on how prediction markets are distinctly different from casinos and sportsbooks.

“With prediction markets, there is no “house” and no penalty for winning. People trade in a transparent and competitive environment against each other, just like the stock market,” said Mansour on X.

Prediction market usage has surged over the last year, with nearly half of Americans under 45 using online platforms.