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Five Major Platforms Form Prediction Market Coalition to Promote Regulatory Compliance

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Five major platforms—Kalshi, Crypto.com, Robinhood, Coinbase, and Underdog—have formed the Coalition for Prediction Markets (CPM) to push for regulatory clarity. The group notes that nearly half of Americans under 45 have used prediction markets, which are expected to reach a **market cap** of $2.8 billion by October 2025. These platforms are often more accurate than traditional polls by about 30%, and over 70% of Americans say they should not be labeled as gambling. **Price prediction** tools are central to the coalition’s mission.
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