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Hannah Collymore

Kalshi, Coinbase form Coalition for Prediction Markets; industry volume exceeds $150B

On December 12, 2025, Kalshi, Coinbase, Crypto.com, Robinhood, and Underdog announced the Coalition for Prediction Markets to reinforce CFTC-led federal oversight and counter state gaming regulators and lobby groups. The sector reports over $150 billion in annualized trading volume as the AGA campaigns and several states pursue actions classifying sports-linked contracts as gambling.
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