Kalshi joins forces with Coinbase, Robinhood, and other industry leaders to establish the Coalition for Prediction Markets
Kalshi and Crypto have teamed up with industry leaders like 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 efficient tools for understanding economic, cultural, and political trends, with this year's total trading volume reaching $28 billion.
The coalition will focus on strengthening federal regulatory frameworks, establishing nationwide uniform market standards, preventing insider trading, and ensuring market transparency. At the same time, the coalition will oppose the expansion of state-level regulation to avoid chaos and potential harm to consumer rights due to fragmented regulation.
Portal
https://kalshi.com/category/all
Kalshi's total funding amount is $1.51 billion
Kalshi is a federally regulated prediction market that supports cryptocurrency deposits, allowing investors to trade event contracts related to real-world events. Compared to traditional stocks and derivatives, event contracts based on specific outcomes allow users to engage with a broader range of topics. Whether users are experts in a specific field or have a keen interest in certain subjects (news, finance, pop culture, etc.), Kalshi offers opportunities to profit from accurate predictions. Kalshi also provides rich resources and tools (tutorials, market data, etc.) to help traders understand prediction markets and improve trading strategies.
