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[Kalshi and 5 Organizations Jointly Establish Prediction Market Alliance CPM] Kalshi, (Crypto.com), Robinhood, Coinbase, and Underdog have jointly announced the establishment of the Prediction Market Alliance (CPM). Nearly half of Americans under the age of 45 have used prediction markets, and the market expansion rate continues to accelerate. As of October this year, the prediction market industry valuation has reached $28 billion. The predictive performance of prediction markets is approximately 30% higher than traditional polling. Additionally, over 70% of Americans agree that prediction markets should not be treated as gambling.