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Coalition for Prediction Markets hires 2 former congressmen
The Coalition for Prediction Markets (CPM) has announced senior leadership changes with the appointment of two former U.S. congressmen.
CPM was established in December 2025 by Kalshi and other operators in an effort to advocate for prediction markets that operate under federal supervision, as state regulators began to strengthen authority over these federally managed markets.
Former U.S. Representative and Ambassador Sean Patrick Maloney was named as CPM’s new CEO and president, while former Representative Patrick McHenry, who served as the chair of the House Financial Services Committee from 2023 to 2025, was appointed as a senior advisor.
During his time in Congress, Maloney chaired the Commodity Markets and Digital Assets Subcommittee connected to the CFTC and served on the House Intelligence Committee. Maloney will lead CPM through advocacy and policy engagement, while also promoting regulatory clarity, reinforcing consumer safeguards, and supporting transparent market operations.
McHenry served as the chief deputy whip of the House, as well as chair of the Oversight and Investigations Subcommittee.
McHenry commented on the appointment:
“As these markets continue to grow, it’s critical that both consumers and platforms have clear and consistent guidance. Over the past decade, I’ve been proud to lead the country’s approach to regulating innovative financial tools, and I look forward to supporting CPM as it paves the way ahead.”
As senior advisor, he will guide CPM on financial regulation issues, market structure, and interaction with federal policymakers.
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