Senators question Quintenz on prediction markets at CFTC confirmation hearing
US senators questioned Brian Quintenz about prediction markets and tribal gaming rights during his confirmation hearing to lead the CFTC. Quintenz said he would divest from Kalshi and avoid decisions involving the company for one year if confirmed; the Senate committee had not scheduled a vote on his nomination.
The hearing raised questions about how the CFTC may address sports event contracts and tribal gaming rights.