Kalshi and Crypto.com launch prediction markets coalition with three founding members
Kalshi and Crypto.com announced the Coalition for Prediction Markets, whose other founding members are Robinhood, Coinbase and Underdog. The companies said the group will advocate federal oversight through the Commodity Futures Trading Commission and oppose state regulators’ claims that the platforms offer unlicensed sports betting.
The coalition’s push for federal oversight adds an industry group to disputes over state authority and sports-related prediction markets.