A leading exchange is preparing to launch a new prediction market

Source: Criptonoticias Original Title: Coinbase is Ready to Launch a New Prediction Market Original Link: https://www.criptonoticias.com/mercados/coinbase-listo-lanzar-nuevo-mercado-prediccion/

Industry Alliance Formation

A leading exchange has joined the Prediction Market Alliance (CPM), which is officially set to launch on December 17.

A group of cryptocurrency companies and market leaders is forming the Prediction Market Alliance (CPM), a new nationwide organization dedicated to protecting access to prediction markets under secure, transparent, and federal regulatory oversight.

According to official information, the alliance is driven by a major exchange, Robinhood, Underdog, Kalshi, and other companies. Its primary focus will be strengthening the federal framework and regulation of prediction markets.

“America is the front line of prediction markets, and the driving force we’re seeing makes a unified industry voice not only important but necessary,” said a company executive and member of the alliance’s executive committee.

Based on this goal, new announcements related to such platforms are expected in the coming days—platforms where people can trade contracts based on the outcomes of future events.

Major Exchange Announcement Imminent

The anticipated first announcement will be led by a major exchange and the regulated trading and prediction market Kalshi.

According to industry media reports, these two companies will formally announce a new prediction market that will be included within the alliance’s scope.

Although the company has not officially confirmed this information, the news has been circulating in the industry for about a month.

In this regard, the announcement may come on December 17, coinciding with the event “Major Exchange System Update.” This is the platform’s live event showcasing its innovations.

The initiative by the major exchange aligns with the long-standing vision announced by its CEO, which is to build a “universal exchange”: a unified platform for trading various assets, including cryptocurrencies, tokenized stocks, and event contracts.

As previously reported, the exchange launched a new platform earlier this month, aimed at changing how new digital assets are distributed to users. The system is designed to prioritize the project’s “true supporters” over speculators.