[Kalshi Teams Up with Coinbase, Robinhood, and Others to Establish Prediction Markets Coalition] (Kalshi and Crypto.com) have joined forces with industry leaders such as Coinbase, Robinhood, and Underdog to announce the formation of the Coalition for Prediction Markets (CPM), aimed at promoting the development of safe, transparent, and federally regulated prediction markets. Prediction markets are considered an efficient tool for understanding economic, cultural, and political trends, with total trading volume reaching $28 billion this year. The coalition will focus on strengthening the federal regulatory framework, establishing nationwide market standards, preventing insider trading, and ensuring market transparency. At the same time, the coalition will oppose the expansion of state-level regulations to avoid the confusion and harm to consumer rights caused by fragmented oversight.