Coalition for Prediction Markets

What Coalition for Prediction Markets does

The Coalition for Prediction Markets (CPM) is a bipartisan U.S. industry advocacy coalition founded on December 11, 2025 by five founding member companies: Kalshi, Crypto.com, Robinhood, Coinbase, and Underdog. Headquartered in Washington, D.C., CPM operates as a trade association rather than a product or technology company. Its sole mission is to defend existing federal regulatory jurisdiction over event contracts under the Commodity Exchange Act against state-level casino regulator encroachment and to advocate for a single, consistent federal framework with the CFTC, SEC, and relevant Congressional committees. CPM does not develop prediction market technology itself; its members individually operate exchanges and platforms serving end consumers.

CPM's strategic assets are concentrated in two areas. First, it unites the largest federally supervised and adjacent prediction market and digital asset platforms under a single policy banner, augmented by a Traders Council that mobilizes individual market participants. Second, the coalition's leadership is drawn from former senior U.S. policymakers: Sean Patrick Maloney (President and CEO; former U.S. Representative from New York's 18th District, former OECD Ambassador, and former Chair of the Democratic Congressional Campaign Committee) and Patrick McHenry (Senior Advisor; 10-term House member, former Chairman of the House Financial Services Committee, and former Acting Speaker of the House). Executive Board Members Sara Slane (Kalshi) and Matt David (Crypto.com) represent member companies directly. The leadership team brings direct relationships with federal regulators and Congressional committees that are actively debating prediction market policy.

CPM's revenue model consists of membership dues and industry contributions from founding member companies. It does not sell products or services, operate a platform, or generate transaction-based revenue. Stakeholder engagement is conducted through policy statements and press releases, a coalition website with industry statistics, the Traders Council community program with policy briefings and in-person events, and direct engagement with regulators and Congressional committees—including the CFTC's 267-page proposed prediction market rulemaking and the Senate Commerce Subcommittee's hearing on sports integrity. Core operational focus is responding to state regulatory actions (Minnesota's ban and a dozen-plus pending state bills) and shaping federal rulemaking on the definition of "gaming," market integrity standards, insider trading prevention, and KYC requirements for event contracts.

Name

Coalition for Prediction Markets

Legal name

Coalition for Prediction Markets

Website

https://coalitionforpredictionmarkets.com

Company type

Private

Founded year

2025

Operating status

Operating

Short description

The Coalition for Prediction Markets is a bipartisan U.S. industry advocacy coalition, formed in December 2025 by Kalshi, Crypto.com, Robinhood, Coinbase, and Underdog, that lobbies federal regulators and Congress to preserve CFTC jurisdiction over prediction markets against state-level gambling oversight.

Ownership category

akta.pro rank

Product category

Industry Advocacy / Trade Association Services

NAICS

Investment Banking and Securities Intermediation (523150)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Prediction Markets & Information Finance (FSADAMAJ)

Keywords

• Industry advocacy coalition
• Prediction market policy
• Financial regulation advocacy
• Trade association services
• CFTC jurisdiction defense

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations

Revenue model

1. Member Dues and Industry Contributions: CPM is funded through membership dues and contributions from founding member companies including Kalshi, Crypto.com, Robinhood, Coinbase, and Underdog. These companies joined the coalition to collectively advocate for federal regulatory clarity and defend against state-level overreach into prediction market oversight.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

The Coalition for Prediction Markets (CPM) is a bipartisan industry advocacy coalition that unites leading prediction market exchanges, brokers, and advocates to expand consumer access to safe, transparent, and integrity-driven prediction markets in the United States. CPM engages federal policymakers, regulators (primarily the CFTC), and Congressional committees to establish and defend a clear federal regulatory framework for prediction markets against state-level casino regulator encroachment.

Product overview

The Coalition for Prediction Markets (CPM) is a bipartisan industry coalition and advocacy organization, not a product company. It does not offer products or services to end users. CPM serves as a unified industry voice that works with policymakers, regulators, and the public to establish clear, fair rules that keep prediction markets accessible. CPM's member companies (Kalshi, Crypto.com, Robinhood, Coinbase, Underdog) each operate their own separate prediction market platforms, but CPM itself functions solely as a policy and advocacy body focused on regulatory framework advancement.

Differentiator

Problem solved

Functional benefit

Products and services

• Federal Regulatory Advocacy Collective industry advocacy and policy engagement with federal regulators (CFTC, SEC) and Congressional committees to establish a clear federal regulatory framework for prediction markets under the Commodity Exchange Act.
• Traders Council Community Program Community engagement program providing policy briefings, collective advocacy opportunities, and in-person events for individual traders and market participants to engage with regulators and policymakers.

Quantifiable outcome

• Prediction markets outperform polls by roughly 30% in forecasting accuracy
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• KalshicoreStrategic or Co-development Partner · 11 December 2025Kalshi is the first federally regulated prediction market exchange and founding member/co-convenor of CPM. Founder Sara Slane serves as Executive Board Member. Kalshi spent years working with the CFTC to establish regulatory framework for prediction markets. The platform allows Americans to trade on real-world event outcomes and serves as the primary example of federally supervised prediction market operations in CPM's advocacy.
• Crypto.comcoreStrategic or Co-development Partner · 11 December 2025Crypto.com co-convened CPM with Kalshi as a founding member. Matt David, President of North America and Chief Corporate Affairs Officer, serves as Executive Board Member. Crypto.com brings regulatory compliance expertise and mainstream adoption experience in digital assets to the coalition's advocacy efforts.
• RobinhoodcoreStrategic or Co-development Partner · 11 December 2025Robinhood, the retail trading platform known for democratizing financial access, is a founding member of CPM. The platform's experience in regulatory advocacy and serving individual investors strengthens CPM's consumer access messaging.
• CoinbasecoreStrategic or Co-development Partner · 11 December 2025Coinbase is a founding member with Chief Policy Officer Faryar Shizad representing the company. Coinbase's mission of delivering financial freedom aligns with CPM's goal of democratizing prediction market access. Coinbase contributes policy expertise and a track record of engaging with regulators on digital asset issues.
• UnderdogcoreStrategic or Co-development Partner · 11 December 2025Underdog, a sports prediction market platform, is a founding member of CPM. The platform brings expertise in sports-related prediction markets, an area under particular scrutiny from state regulators and sports leagues seeking stricter controls.
• NHL (National Hockey League)minorStrategic or Co-development Partner · 22 October 2025The NHL inked deals with prediction market platforms Kalshi and Polymarket in October 2025. This partnership represents sports leagues engaging directly with prediction markets for official data and market access agreements, signaling industry acceptance of federally regulated prediction markets as legitimate forecasting tools.
• PolymarketminorStrategic or Co-development Partner · 22 October 2025Polymarket, a major prediction market platform, partnered with NHL and is referenced in CPM's resources as a key industry player. Polymarket operates as a decentralized information markets platform and is among the platforms CPM advocates should be regulated by CFTC rather than state casino regulators.

Scale indicators8 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• SIFMA (Securities Industry and Financial Markets Association): SIFMA is the broad U.S. securities industry's primary trade association, representing broker-dealers, banks, and asset managers. It is comparable to CPM as a DC-based member-funded advocacy body for regulated financial exchanges, though SIFMA operates at a far larger scale and across the full securities industry rather than the prediction-market niche.
• National Association of Securities Dealers (FINRA): FINRA is the self-regulatory organization overseeing U.S. broker-dealers. It is comparable to CPM as a financial-market regulatory and standards-setting body, though FINRA is a quasi-governmental SRO rather than a member advocacy coalition; the comparison is relevant for the market-integrity and insider-trading standards CPM is lobbying the CFTC to codify.
• Consumer Technology Association (CTA): CTA is a major U.S. trade association representing the consumer technology industry, with a sophisticated DC lobbying operation. It is comparable to CPM as a member-funded industry coalition that conducts high-profile policy advocacy and produces widely cited industry data — a model CPM is replicating in the prediction-market vertical.
• Managed Funds Association: MFA is the leading trade association for the hedge fund and alternative investment industry, with a DC-based advocacy operation. It is comparable to CPM as a member-funded industry coalition representing trading platforms and intermediaries before federal regulators, though at much larger scale and across the alternatives space.

Direct peers

• The Digital Chamber: The Digital Chamber is one of the longest-standing crypto industry trade associations, advocating for digital assets and blockchain policy at the federal level. It is comparable to CPM as a member-funded, DC-headquartered advocacy coalition engaging CFTC, SEC, and Congress on digital-asset regulation.
• FIA (Futures Industry Association): FIA is the leading global trade organization for futures, options, and centrally cleared derivatives markets. It is highly comparable to CPM because both represent exchange and intermediary members before the CFTC and Congress on derivatives-market structure, and FIA's advocacy model (member-funded, DC-based, focused on CFTC rulemaking) directly mirrors CPM's approach.
• Blockchain Association: Blockchain Association is a Washington, D.C.-based industry group representing dozens of crypto companies in policy advocacy. It is directly comparable to CPM as a member-funded digital-asset advocacy coalition engaging the same federal agencies and Congressional committees on market structure and regulatory clarity.
• Crypto Council for Innovation: CCI is a global industry advocacy organization representing leading crypto firms (Coinbase, Ripple, Circle, and others) before U.S. and international policymakers. It is comparable to CPM as a member-funded coalition advocating for clear federal frameworks for digital-asset products, with significant member overlap (Coinbase is in both).

Others

• Chamber of Progress: Chamber of Progress is a DC-based industry coalition representing major tech and fintech companies in progressive policy advocacy. It is comparable to CPM as a coalition-style advocacy body with significant tech and crypto member overlap, focused on federal preemption and consumer access to digital products.
• American Gaming Association: AGA is the trade association for the U.S. casino gaming industry. It is adjacent to CPM because it represents the gambling/regulated gaming industry that state regulators are invoking against prediction markets; AGA's DC advocacy model (member-funded, lobbying against state overreach) is structurally similar, even though it often opposes CPM's specific policy positions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/PredictAction
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Coalition for Prediction Markets