Five major platforms including Kalshi jointly establish the Prediction Market Alliance, dedicated to compliant development of prediction markets

ChainCatcher reported that Kalshi, an exchange, Robinhood, another exchange, and Underdog, five well-known institutions, have jointly announced the establishment of the Coalition for Prediction Markets (CPM).

According to the official introduction, nearly half of Americans under the age of 45 have already used prediction markets, and the market is expanding at an accelerating pace. In October this year, the prediction market industry was valued at $28 billion. The predictive performance of prediction markets is about 30% higher than that of traditional polls. In addition, more than 70% of Americans agree on a key point: prediction markets should not be treated as gambling.