The Coalition for Prediction Markets (CPM) has new leadership in the shape of former congressmen, Sean Patrick Maloney and Patrick McHenry.
The recently formed trade bloc has been quiet since its formation in December 2025, but now with the two figureheads in place, the group will proceed with its objective of insulating the legal framework supporting the burgeoning prediction market sector.
Kalshi is one of the five founding members of the CPM and Sara Slane, Head of Corporate Development at the prediction market operator, has said that the pair will “lead the Coalition for Prediction Markets, helping promote and educate lawmakers on the value of prediction markets.”
Both men are former politicians, with McHenry, a Republican, having been voted into Congress on 10 consecutive occasions between 2004 and 2022.
He assumed the role of 'Speaker pro tempore of the United States House of Representatives' during his final term, but did not seek re-election in 2024.
Former Democrat Congressman Maloney’s political career was not quite as long, starting in 2012 and ending in defeat by Mike Lawler.
These high-profile appointments are a strong signal of the ferocity with which the CPM intends to defend itself from legal and regulatory attacks.
The dual leadership spans the political spectrum and adds a lot of very contemporary political experience to the coalition's armory.
Slane added: “Kalshi remains committed to the clear federal law that governs our industry and ensures a level playing field for regulated trading. We look forward to continuing to engage and educate lawmakers, both in Congress and across the states, alongside these respected policy experts.”
The Coalition for Prediction Markets founder members are Kalshi, Robinhood, Crypto.com, Coinbase and Underdog
