Bipartisan Leaders Take the Helm at Coalition for Prediction Markets

This week, the Coalition for Prediction Markets (CPM) announced that Sean Patrick Maloney, former US representative and ambassador, will become the organization’s CEO and president. Meanwhile, veteran congressman Patrick McHenry will become a senior adviser to the coalition. This new leadership team boasts significant experience that will be invaluable in guiding the future of prediction markets.

Maloney’s Expertise Will Be Invaluable for CPM

The appointments signal a clear shift in strategy for prediction markets as they face rising pressure from regulators, the media, and traditional gaming interests. CPM was created to push back against narratives that the markets are just gambling products that operate outside of the rules applied to casinos and sportsbooks. The coalition’s mission is to protect the sector’s federal regulatory standing and raise standards around transparency and consumer protection.

​Maloney is a perfect fit for CPM’s leadership thanks to his extensive experience in politics, diplomacy, and private enterprise. While representing New York in Congress, he was influential in shaping policy tied to financial markets and emerging technologies. As an ambassador to the OECD, he tackled issues ranging from taxation to artificial intelligence. He will now leverage his expertise to address the challenges in the prediction sector.

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

Maloney’s new role will see him directing CPM’s policy and advocacy work at a time when state attempts to control prediction markets are becoming more aggressive. The coalition intends to engage directly with lawmakers, arguing that a consistent federal framework is essential for innovation and consumer protection. Maloney stressed that prediction markets only function properly when participants trust the rules behind them.

CPM Will Likely Seek Dialogue with Lawmakers

McHenry’s addition should also bring substantial benefits for the coalition. With a two-decade-long congressional career, including a stint as head of the House Financial Services Committee, he is recognized as an influential voice on market structure and financial oversight. McHenry has helped codify emerging financial tools, often emphasizing the balance between innovation and accountability.

​As senior advisor, McHenry will focus on regulatory strategy and outreach, helping CPM make complex market mechanics easier to understand for the politicians. His inclusion suggests the coalition expects the next phase of the debate to unfold in congressional offices as much as in regulatory hearings, as prediction markets seek to step away from the current legal ambiguity.

As these markets continue to grow, it’s critical that both consumers and platforms have clear and consistent guidance.

Patrick McHenry, CPM senior advisor

Together, the two former lawmakers reflect CPM’s mission to demonstrate that prediction markets are not a backdoor form of gambling, but a federally regulated system with real-world value. The appointment of seasoned political operators makes it evident that the prediction sector seeks to defend its interests openly and define its future on its own terms.