Name: Prediction Markets Form Coalition to Navigate Legal Hurdles
Uploaded: 2025-12-12T16:25:22-05:00
Duration: 2 min 18 s
Description: Key prediction market leaders Kalshi and Crypto.com unite to push for supportive regulations and tackle legal hurdles. Check out what they are planning!

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Key prediction market leaders Kalshi and Crypto.com unite to push for supportive regulations and tackle legal hurdles. Check out what they are planning!

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Prediction Markets Form Coalition to Navigate Legal Hurdles

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Meanwhile, it looks like all the prediction markets are kind of getting together here, Sam, to fight all of the different states and, and who knows beyond what to get them out, a coalition has been formed. Do they, is that what they feel, Sam? Basically, if they all partner together and, you know, all fighting for the same thing, maybe that helps their situation? Yeah, it certainly seems that way. It kind of just seemed like a matter of time before we had news that the major prediction market players in Calci and Crypto.com were going to form their own Washington-based trade group, much like sportsbooks eventually formed with the Sports Betting Alliance, where, you know, they lobby politicians to treat them favorably and try to work out all the framework in this really massive kind of, you know, murky legal environment across all the states. They say they're going to try to get the CFTC more involved with them. You know, the CFTC is the entity that's theoretically supposed to oversee this stuff, but they've kind of indicated so far that they don't really want to get involved while the prediction markets themselves are kind of, you know, championing them as, you know, they're the ones who oversee us if, but because they're not really being overseen by them, that kind of means that they're allowed to just proceed kind of as regular, you know, scheduled programming, obviously. Like we alluded to in the Connecticut case, a lot of the arguments have stemmed around like protections that prediction markets don't have that sports books are required to have. So that's going to be one of the main focuses of this new coalition as well, which also counts underdog as a partner, as well as Robinhood, which is also being sued in these states because they're the ones that are kind of partnered with prediction markets offering this product, notably Polymarket, which is not fully back in the US yet, although it's anticipated to come kind of any day now. They're not. Involved in the coalition yet though the coalition says it's, you know, negotiating with more members to join. So it'll be interesting to see if kind of Kawhi's biggest rival joins in with them and like you say, Craig, you know, bands together to fight this kind of legal pushback they're facing now or if they kind of operate from a different stance, whether that might splinter prediction markets' hopes next year or not. So yeah, it'll be really interesting to see kind of their initial work next year in another just yet another development in the crazy prediction markets world.

Prediction Markets Form Coalition to Navigate Legal Hurdles

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