The bipartisan Coalition for Prediction Markets (CPM) has announced that former US Representative and Ambassador Sean Patrick Maloney will serve as its CEO and President, with former US Representative and Chairman Patrick McHenry joining as a senior advisor.
The group aims to preserve fair and transparent access to prediction markets, with these having been controversial new introductions into the world of gambling.
Today, we are excited to announce our new bipartisan leadership: Ambassador @SeanPMaloney will serve as CEO and President, with former House Financial Services Chair @PatrickMcHenry joining as Senior Advisor.
We are ready to work across the aisle to protect consumers and support…
— Coalition for Prediction Markets (@PredictAction) January 13, 2026
“Together, Maloney and McHenry bring deep bipartisan experience shaping U.S. financial policy, strengthening consumer protections, and advancing responsible innovation, leadership that CPM will leverage as prediction markets become more mainstream,” the news release states.
Two former Members of Congress join prediction markets coalition
Previously, Maloney was the Chair of the Democratic Congressional Campaign Committee and as the US Ambassador to the OECD.
He has also represented New York’s 18th Congressional District, with this experience spanning a decade, during which he chaired the Commodity Markets and Digital Assets Subcommittee of the Commodity Futures Trading Commission (CFTC) and served on the House Intelligence Committee.
The coalition press release says he has joined at a time when prediction markets are facing growing “efforts by state-level authorities to assert jurisdiction over markets long governed by federal law.” Within his new role, he will oversee the coalition’s policy and advocacy to reinforce a consistent federal framework.
“Prediction markets are proving to be one of the most effective tools we have for aggregating information and forecasting real-world outcomes,” said Maloney. “But that promise depends on clear rules, thoughtful oversight, and regulatory certainty. CPM exists to make sure policymakers get this right, and I’m excited to help lead that effort.”
In Chairman McHenry’s role as a senior advisor, he will be expected to provide strategic guidance on items like market structure, financial regulation, and engagement with federal policymakers, while supporting the coalition’s mission.
“Prediction markets have long operated within a federal regulatory framework designed to promote transparency and protect consumers,” said Chairman McHenry.
“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.”
Featured Image: Via The Coalition for Prediction Markets
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