The White House is reportedly discussing other candidates to lead the Commodity Futures Trading Commission as opposition to Brian Quintenz’s nomination grows. The report names Michael Selig and Tyler Williams as possible candidates; Senate votes on Quintenz’s nomination have been delayed twice.
Uncertainty over the CFTC chair nomination may affect oversight of prediction markets, including Kalshi.
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DraftKings is reportedly considering an acquisition of Railbird, a prediction-market platform, but has not confirmed a deal. Railbird received Commodity Futures Trading Commission approval in June, the report said.
Bet365 is reportedly interested in taking over the New York mobile sports betting licence that Resorts World Bet plans to vacate on 30 June. No bids have been announced, and Bet365 has not confirmed its intentions; the report also names Hard Rock Bet and Underdog Fantasy as possible contenders.
The CFTC’s first Innovation Advisory Committee meeting examined prediction market manipulation risks, citing Casino.com. CME Group CEO Terry Duffy alleged that some of the 2,500 self-certifications since January 2025 breached manipulation standards. CFTC Chairman Michael Selig disputed an example involving Nicolás Maduro, saying the products never listed and trading occurred offshore.
US President Donald Trump urged Congress to pass the Clarity Act at a White House meeting with cryptocurrency and financial-industry executives. Prediction-market representatives were not invited, and a person familiar with the meeting said the administration had decided to focus on crypto; the CFTC’s Innovation Advisory Committee was due to meet the following day.
US President Donald Trump plans to meet prediction market and cryptocurrency company executives at the White House on 19 August, citing Bloomberg. Expected attendees include executives from Polymarket and Kalshi, alongside Commodity Futures Trading Commission chairman Michael Selig.