Kalshi, Crypto.com Rally Industry Giants to Form Prediction Markets Coalition – Details

Leading Prediction Markets Unite to Push Back Against Lobbying Pressure

TL;DR: Leading platforms like Kalshi, Coinbase, and Crypto.com formed a coalition to defend federal regulation. State regulators and the American Gaming Association (AGA) are attempting to classify these markets as illegal gambling. The sports betting industry is divided: DraftKings and FanDuel left the AGA to enter the sector. The major prediction market platforms have formed a coalition to counteract lobbying pressure. Kalshi, Coinbase, and o…

Kalshi, Crypto.com rally industry giants to form prediction markets coalition – Details

With Robinhood, Coinbase, and Underdog joining CPM, prediction markets are moving from niche tools to mainstream financial infrastructure...