Kalshi and five other major platforms jointly established the Prediction Market Alliance, dedicated to the compliant development of prediction markets

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

According to official information, nearly half of Americans under 45 have used prediction markets, and the market expansion is accelerating; in October this year, the valuation of the prediction market industry reached $28 billion; the predictive performance of prediction markets is about 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.