Kalshi, together with Coinbase, Robinhood, and others, established a prediction market alliance.

Kalshi and Crypto.com, along with industry leaders such as Coinbase, Robinhood, and Underdog, announced the formation of the Coalition for Prediction Markets (CPM), aiming to promote the development of safe, transparent, and federally regulated prediction markets. Prediction markets are considered a powerful tool for understanding economic, cultural, and political trends, and this year the total trading volume in prediction markets has reached $28 billion. The Coalition will focus on strengthening the federal regulatory framework, establishing nationally unified 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 the chaos and harm to consumer rights caused by fragmented regulation.