ChainCatcher message, five well-known institutions including Kalshi, Crypto.com, Robinhood, Coinbase, and Underdog have jointly announced the establishment of the Coalition for Prediction Markets (CPM).

According to the official introduction, nearly half of Americans under 45 have used prediction markets, and the expansion rate of the market continues to accelerate; in October this year, the valuation of the prediction market industry reached $28 billion; the predictive performance of prediction markets is approximately 30% higher than that of traditional polls. In addition, over 70% of Americans agree on a key point: prediction markets should not be treated as gambling.