Statements

  • Statement from CPM Spokesperson on NY AG Super Bowl Press Release
    "We agree that consumers should steer clear of unregulated prediction markets. Our members' platforms are all regulated by the CFTC, similar to how the SEC regulates the stock market. Regulation comes with many of the guardrails the AG outlines - a ban on insider trading, self-exclusion, and responsible trading guidelines. We all want the same thing: safe, fair, and legitimate products."

  • Statement from CPM Spokesperson on CFTC Chairman’s Remarks at Joint SEC – CFTC Harmonization Event

    "We applaud Chairman Selig's statements that the CFTC has 'the expertise and responsibility to defend its exclusive jurisdiction' over event contracts, and we welcome the participation of the Commission in matters where that jurisdiction is under attack.

    "By withdrawing uncertain guidance around sports-event contracts and committing to undertake comprehensive rulemaking, the Commission takes a key step to foster market clarity, responsible innovation, and trust in American markets.
    "We look forward to working with the CFTC to continue that important mission."

  • Statement from CPM CEO and President Sean Patrick Maloney on Insider Trading

    "It’s critical to draw a bright line between offshore, unregulated prediction platforms and federally regulated U.S. ones. Coalition members already ban insider trading and use strict Know Your Customer and monitoring guardrails so platforms know who’s trading and can enforce rules. Consistent with current law, offshore, unregistered platforms should not be able to operate in the U.S. or serve U.S. customers without the same safeguards and registrations, keeping this activity governed responsibly under U.S. oversight so Americans have safe, transparent, regulated options at home."

  • The Coalition for Prediction Markets Names Former U.S. Congressman Sean Patrick Maloney as CEO and President and Chairman Patrick McHenry as Senior Advisor

    Former Members of Congress to Bring Expertise in Regulatory Policy, Financial Markets, and Consumer Protection to Industry Group

    Washington, D.C., Jan. 13, 2026 – Today, the Coalition for Prediction Markets (CPM), a bipartisan coalition dedicated to preserving fair and transparent access to prediction markets, announced that former U.S. Representative and Ambassador Sean Patrick Maloney will serve as CEO and President, and former U.S. Representative and Chairman Patrick McHenry will join CPM as Senior Advisor.

    Together, Maloney and McHenry bring deep bipartisan experience shaping U.S. financial policy, strengthening consumer protections, and advancing responsible innovation, leadership that CPM will leverage as prediction markets become more mainstream.

    Maloney served as the Chair of the Democratic Congressional Campaign Committee and as the U.S. Ambassador to the OECD, the premier global forum where leading democracies shape economic policy on issues like taxation, AI governance, energy, and financial markets. He previously represented New York’s 18th Congressional District for a decade, during which he chaired the Commodity Markets and Digital Assets Subcommittee of the Commodity Futures Trading Commission (CFTC), served on the House Intelligence Committee, and authored more than 40 laws. Maloney also served as White House Staff Secretary and New York’s First Deputy Secretary, and brings private-sector experience as a tech founder and partner at global law firms.

    Maloney joins CPM at a moment when prediction markets are facing mounting efforts by state-level authorities to assert jurisdiction over markets long governed by federal law. As CEO and President, he will oversee CPM’s policy and advocacy efforts to reinforce a consistent federal framework and ensure prediction markets remain transparent, accessible, and responsibly regulated. 

    “Prediction markets are proving to be one of the most effective tools we have for aggregating information and forecasting real-world outcomes,” said Maloney. “But that promise depends on clear rules, thoughtful oversight, and regulatory certainty. CPM exists to make sure policymakers get this right, and I’m excited to help lead that effort.” 

    Chairman McHenry served for twenty years across ten terms in the United States Congress as the representative for North Carolina’s 10th Congressional District. In the 118th Congress, he was elected Chairman of the House Financial Services Committee, a committee he served on throughout his time in Congress. His previous roles include Chief Deputy Whip of the House of Representatives and Chairman of the House Financial Services Committee’s Oversight and Investigations Subcommittee. In 2023, he also served as Speaker pro tempore of the House of Representatives. 

    As Senior Advisor, Chairman McHenry will provide strategic guidance on financial regulation, market structure, and engagement with federal policymakers, supporting CPM’s mission to advance clear, consistent rules that promote transparency and protect consumers. 

    “Prediction markets have long operated within a federal regulatory framework designed to promote transparency and protect consumers,” said Chairman McHenry. “As these markets continue to grow, it’s critical that both consumers and platforms have clear and consistent guidance. Over the past decade, I’ve been proud to lead the country’s approach to regulating innovative financial tools, and I look forward to supporting CPM as it paves the way ahead.” 

    As prediction markets play an increasingly important role in informing economic, political, and cultural decision-making, CPM is focused on ensuring the policy framework governing these markets keeps pace with their growing relevance. With Maloney’s leadership and Chairman McHenry’s strategic counsel, CPM is entering a new phase of growth focused on engaging policymakers, building durable bipartisan consensus, and ensuring prediction markets continue to operate under a consistent federal framework.  

    For inquiries, contact press@coalitionpredictionmarkets.com.

    About The Coalition For Prediction MarketsThe Coalition for Prediction Markets (CPM) is a unified industry voice working with policymakers, regulators, and the public to establish clear, fair rules that keep prediction markets accessible to everyone. Our members are committed to transparent, responsible rules of the road that enhance forecasting, improve risk management, and help people better understand future outcomes – all under a consistent federal framework.

  • Statement from CPM Spokesperson on Introduction of the Public Integrity in Financial Prediction Markets Act

    "The Coalition for Prediction Markets supports strong oversight that deters any misconduct and ensures accountability. We also believe that a uniform regulatory framework provides significantly stronger protections than a patchwork of inconsistent state-level rules."

  • Industry Leaders Launch The Coalition for Prediction Markets to Promote Fair, Safe, and Open Access

    Kalshi, Crypto.com, Robinhood, Coinbase and Underdog join forces

    [Washington, D.C.] – [December 11, 2025] – Today, Kalshi and Crypto.com announced they have convened a broad alliance of industry leaders – including Coinbase, Robinhood, and Underdog – to form the Coalition for Prediction Markets (CPM), a new national organization dedicated to preserving safe, transparent, and federally supervised access to prediction markets. Prediction Markets have quickly become one of the most accurate and accessible tools the public has, both to capitalize on their knowledge and also to understand shifting economic, cultural, and political trends.

    Prediction markets are rapidly becoming a mainstream tool for understanding real-world events: nearly half of Americans under 45 have already used an online financial or prediction market. As the volume of public information increases, prediction markets cut through the noise by aggregating real-time expectations into a single, transparent signal, accessible to anyone. They also allow people to make money on their expertise, creating a new generation of investors. This democratization of market participation benefits everyone, especially young people, women, and communities of color who have historically been excluded from traditional financial systems.

    Prediction markets have repeatedly shown they outperform traditional polling by roughly 30%, offering real-time public insight into everything from economic indicators to cultural events. With usage growing and the combined trading volume of prediction markets this year reaching nearly $28 billion through October, there has never been a more critical moment for unified engagement. At the same time, more than 70% of voters agree that prediction markets should not be regulated like gambling, and two-thirds of Americans prefer federal oversight over a state-level patchwork.   

    “The U.S. is the biggest frontier for prediction markets, and the momentum we’re seeing makes a unified industry voice not just important, but necessary,” said Matt David, Executive Board Member of the Coalition and President of North America & Chief Corporate Affairs Officer at Crypto.com. “Prediction markets are a new layer of civic infrastructure – public-good technology that gives people clearer insight and helps institutions make better decisions. They democratize financial participation by rewarding what people know, not who they know. As consumer interest accelerates and regulation evolves, this coalition will champion responsible, transparent growth to ensure the benefits of prediction markets reach the broader public.”

    The coalition launches as several state casino regulators attempt to extend their authority into a space long governed under federal law — a shift that creates confusion, restricts consumer access, and pushes Americans toward offshore or unregulated platforms. Allowing disparate state regimes to govern prediction markets undermines the very guardrails that keep markets fair and prevent insider advantage, reinforcing the perception that financial systems are rigged in favor of those with influence. Having CFTC oversight ensures consistent monitoring, similar to the stock market’s protections and surveillance systems. 

    “From day one, we wanted to be regulated. We spent years working with the CFTC because prediction markets must operate with strong federal safeguards that prevent insider trading, protect consumers, and ensure these markets remain transparent and corruption-free,” said Sara Slane, Executive Board Member of the Coalition and Head of Corporate Development at Kalshi. “Americans deserve clarity, not 50 conflicting interpretations. As the first federally regulated prediction market, Kalshi saw firsthand how quickly this space was growing – and how urgently a unified industry voice was needed to advocate for access and consistency nationwide.”

    "At Coinbase, our mission is to deliver financial freedom to the world – and prediction markets by nature democratize fact finding and the seeking of truth,” said Faryar Shizad, Chief Policy Officer at Coinbase. “We're proud to join the Coalition for Prediction Markets – as they work with policymakers to ensure these markets develop and remain accessible to the American people."

    The Coalition’s early work will focus on reinforcing the federal framework governing prediction markets. Central to this work is establishing and educating on nationwide standards for integrity – guardrails that prevent insider trading and ensure all participants operate on equal footing. The coalition will defend against state-level overreach, including issues tied to sports, elections, and financial and economic indicators, and advance clear, consistent standards for integrity and transparency. 

    "At Coinbase, our mission is to deliver financial freedom to the world – and prediction markets by nature democratize fact finding and the seeking of truth," said Faryar Shizad, Chief Policy Officer at Coinbase. "We're proud to join the Coalition for Prediction Markets – as they work with policymakers to ensure these markets develop and remain accessible to the American people."

    Additional companies are currently in discussion to join the coalition. For inquiries, contact press@coalitionpredictionmarkets.com. 

    About The Coalition For Prediction Markets 

    The Coalition for Prediction Markets (CPM) is a unified industry voice working with policymakers, regulators, and the public to establish clear, fair rules that keep prediction markets accessible to everyone. Our members are committed to transparent, responsible rules of the road that enhance forecasting, improve risk management, and help people better understand future outcomes – all under a consistent federal framework.