Kalshi and Crypto.com Launch Coalition to Keep Prediction Markets Federal
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Kalshi and Crypto.com, along with Coinbase, Robinhood, and Underdog, have formed the Coalition for Prediction Markets to advocate for federal regulation amid growing state-level enforcement. The coalition aims to secure supervision under the Commodity Futures Trading Commission (CFTC) due to increased trading volumes in prediction markets in 2025.
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- Kalshi and Crypto.com formed a coalition to press for federal prediction market rules
- Coinbase, Robinhood, and Underdog joined the coalition as state pressure builds
- The coalition says 2025 volumes grew fast, pushing regulation to the forefront
In a unified bid to secure federal regulatory supremacy, industry giants Kalshi and Crypto.com have launched an alliance, including Coinbase, Robinhood, and Underdog, to form the Coalition for Prediction Markets (CPM).
In its announcement, the firms noted that the move is to defend the sector against a rising tide of state-level enforcement actions by cementing Commodity Futures Trading Commission (CFTC) oversight as the sole standard.
Related: Polymarket and Kalshi Face a New Rival as Gemini Enters Prediction Markets With Oversight
Prediction Market is Rapidly Spreading Among Americans
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