Kalshi, Crypto.com rally industry giants to form prediction markets coalition – Details
In a surprising episode of cross-sector unity, the fast-growing predictions market industry has come together to form a national alliance to defend its regulatory future.
Kalshi X Crypto.com
Crypto exchange Kalshi and platform Crypto.com have launched the Coalition for Prediction Markets (CPM), an aggressive advocacy group. It brings together members ranging from crypto giants like Coinbase to retail trading powerhouse Robinhood and sports gaming operator Underdog.
With the market now moving billions, the CPM is pushing to solidify federal oversight.
According to Nick Jones, founder of crypto firm Zumo, the coalition aims to further legitimize the sector by “strengthening operating rules and setting a higher bar for…
