A group of market-leading crypto companies have formed the Coalition for Prediction Markets (CPM). This is a new national organization dedicated to maintaining safe, transparent, and federally supervised access to these types of markets.
According to official information released by the group, the coalition is promoted by companies such as Coinbase, Robinhood, Underdog, Kalshi, and Crypto.com. Its main work focuses on: Strengthen the federal framework and regulations governing prediction markets.
“The US is the biggest frontier for prediction markets, and the momentum we are seeing makes a unified industry voice not only important, but necessary,” said Matt David, Executive Director and Head of Corporate Affairs at Crypto.com.
With this in mind, we can expect new developments to emerge in the coming days. Related to this type of platforma space where people can trade contracts based on the outcome of future events.
Waiting for Coinbase announcement
The expected first announcement is Led by Coinbase Exchange Regulated exchange and prediction markets Calci.
As reported by media such as CNBC and Bloomberg, these two companies will officially announce their new prediction market. That would be part of the Coalition’s plan.
There is still information, Not confirmed by the companyalthough it has been in circulation for about a month.
In that sense, there is a high possibility that it will be announced. Next time is December 17thwhich was held at the same time as the “Coinbase System Update” presentation. A live event where the platform showcases its innovations.
Coinbase’s move is in line with CEO Brian Armstrong’s long-held vision to build an “Everything Exchange,” a single platform for trading all types of assets, including crypto tokens, tokenized stocks, and event contracts.
As reported by CriptoNoticias, earlier this month the exchange announced a new platform designed to change the way new digital assets are distributed to users. The system seeks to prioritize “true supporters” of a project over speculators known as “snipers, scalpers, and whales.”
