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New Coalition Advocates Regulation for Prediction Markets

3/5/2026

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Summary

Story summary

Patrick T. McHenry and Sean Patrick Maloney formed the Coalition for Prediction Markets to advocate for regulation of prediction markets.
McHenry says a well-regulated marketplace is needed.
Maloney argues that prediction markets differ from gambling.
The coalition supports legislation to prevent insider trading in these markets.
The coalition includes major companies Kalshi and Coinbase.

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Story summary

Patrick T. McHenry and Sean Patrick Maloney formed the Coalition for Prediction Markets to advocate for regulation of prediction markets.
McHenry says a well-regulated marketplace is needed.
Maloney argues that prediction markets differ from gambling.
The coalition supports legislation to prevent insider trading in these markets.
The coalition includes major companies Kalshi and Coinbase.