New Leadership Guides the Coalition for Prediction Markets into a Defined Federal Future
Bipartisan Leadership Brings Expertise to CPM
The Coalition for Prediction Markets (CPM) recently appointed Sean Patrick Maloney, former U.S. representative and ambassador, as its new CEO and president. Alongside him, longtime congressman Patrick McHenry has joined as a senior adviser. Their combined political and industry experience is expected to play a vital role in shaping the future direction of prediction markets.
Maloney’s Strategic Influence on Policy and Advocacy
This leadership change reflects a strategic response to increasing scrutiny from regulators, media entities, and traditional gambling sectors. CPM’s purpose is to challenge misconceptions that prediction markets are merely gambling operations outside regulatory control. The coalition aims to uphold the sector’s federal regulatory status while promoting higher standards for transparency and consumer protection.
Maloney brings a wealth of experience from his political career including policymaking in financial markets and emerging tech during his tenure representing New York, as well as diplomatic expertise from his ambassadorial role to the OECD, where he addressed issues such as taxation and artificial intelligence. His background equips him well to navigate challenges facing the prediction market industry.
Prediction markets are proving to be one of the most effective tools we have for aggregating information and forecasting real-world outcomes.
Sean Patrick Maloney, CPM CEO
In his new capacity, Maloney will lead CPM’s policy initiatives and advocacy, particularly as individual states intensify efforts to regulate prediction markets. The coalition plans to engage legislators directly, advocating for a unified federal regulatory framework that supports innovation while protecting consumers. Maloney emphasizes that the success of prediction markets hinges on participants’ confidence in the fairness and enforceability of the rules governing them.
McHenry’s Advisory Role Focused on Regulatory Clarity
Patrick McHenry’s appointment adds significant value to CPM, given his extensive congressional experience, including leadership of the House Financial Services Committee. He is known for his work in shaping regulations around innovative financial instruments, promoting a balance between fostering innovation and ensuring accountability.
As senior adviser, McHenry will concentrate on shaping the coalition’s regulatory approach and enhancing its outreach efforts. His role will help simplify complex market concepts for policymakers, signaling that future debates will likely be centered within Congress alongside regulatory forums. This reflects CPM’s goal to clarify the legal standing of prediction markets and reduce ambiguity.
As these markets continue to grow, it’s critical that both consumers and platforms have clear and consistent guidance.
Patrick McHenry, CPM senior adviser
Together, Maloney and McHenry embody CPM’s commitment to demonstrate that prediction markets are a regulated financial system with substantial real-world application, rather than unregulated gambling. Their seasoned political insight indicates the sector’s determination to actively protect its interests and shape its future regulatory landscape on its own accord.
