CPM duo named
The Trump administration has appointed two members of the newly formed Coalition for Prediction Markets (CPM) to a two-year program aimed at modernizing the government via recruiting technology specialists.
The White House named cryptocurrency exchanges Robinhood and Coinbase among nearly 30 private sector brands to its new drive on Monday.
According to reports, around 1,000 engineers and technology specialists will work on artificial intelligence (AI) infrastructure “and other technology projects throughout the federal government.”
US Task Force, as it’s called, took to X to call for recruits accompanied by martial imagery including the Manhattan Project, and the raising of the flag at Iwo Jima:
Coinbase and Robinhood will join names including OpenAI, Nvidia, and Microsoft in committing talent and resources to the US Task Force aimed at transforming the federal government “through modern software development.”
Growing political power
It’s the appointment of two members of the predictions markets alliance to the task force, however, that draws the most attention. According to Decrypt, Washington’s appointment of the CPM pair is a “sign of the industry’s maturing relationship with government”. It added that such firms are transitioning “from regulatory targets to recognized sources of technical expertise.”
Alongside its CPM partners Kalshi, Underdog, and Crypto.com, Coinbase and Robinhood are part of an alliance formed last week whose remit is “to promote and defend their political interests amid a growing fight over sports betting.”
With the pair now entrenched in the US government, it’s a sign of the growing political power of prediction market operators and partners, juxtaposed against news of major sportsbooks quitting the American Gaming Association, or quitting regulated states like Nevada altogether in favor of the polarizing vertical.
needs talent “fluent in both cutting-edge technology and complex digital systems”
According to Decrypt, Provenance AI Co-founder Mohith Agadi stated that the formation of the task force suggests Washington has realized a modern government needs talent “fluent in both cutting-edge technology and complex digital systems, including those pioneered in crypto.”
Agadi defended the introduction of Robinhood and Coinbase to the US Task Force, saying: “When done right, this exchange can actually strengthen public systems by importing decentralization-inspired principles such as verifiability, accountability, and open architectures, into government.”
Jobs on offer
According to the official website, the two-year program will deploy AI specialists, software engineers, cybersecurity professionals, and data analysts to tackle roles from “Treasury Department financial infrastructure to Department of Defense programs.”
Those who are hired will get approximately $150k-$200k annually plus federal benefits, including “health coverage, retirement plans, paid leave, and performance-based awards.”
After two years, those so employed can either continue federal service, go into private-sector partner roles, or use the experience to progress their own careers.
