A new group of prediction market operators, the Coalition for Prediction Markets, has been officially unveiled by Kalshi in partnership with Crypto.com.
Indeed, this new group will reportedly dedicate itself to the preservation of a safe and federally supervised prediction market space - prioritizing transparency and openness within the sector. Currently the coalition is composed of Kalshi, Crypto.com, Robinhood, Coinbase and Underdog.
This group - despite lacking a handful of notable absentees - represents a formidable conglomerate of leading operators in the space. Further, this point is compounded by the involvement of Sara Slane, who is currently also Kalshi's Head of Corporate Development and has previously pioneered major developments in the US gambling industry, including the overturning of PASPA in 2018, and will now act as the coalition's Executive Board Member.
Joining Slane as an Executive Board Member is Crypto.com's President of North America & Chief Corporate Affairs Officer, Matt David - who commented on the inception of this new group, stating: "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.
"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."
As part of the coalition's official release, statistics have been cited highlighting the meteoric rise of prediction markets, highlighting that the combined trading volume of the sector reached $28bn during October 2025. As such, the Coalition for Prediction Markets is set to focus on reinforcing the federal frameworks that regulate the industry via education and integrity initiatives across the US.
This development comes at a time of mounting scrutiny for prediction markets, with the Washington State Gambling Commission having clarified that prediction markets are 'not authorized' in the state earlier today.
Elsewhere recently, a Massachusetts judge questioned the legal basis of Kalshi's sports event contracts in the state this week, as the operator continues to engage in legal battles with numerous state regulators. Kalshi, along with the rest of the prediction market sector, argues that it need not adhere to state gambling laws, as it is regulated at federal level by the CFTC.
Also speaking on the inception of the Coalition for Prediction Markets was Sara Slane, who said: "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.
"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."
The Coalition for Prediction Markets notably does not include Polymarket - with FanDuel and DraftKings, who recently announced entry into the prediction space, also absent
