The Coalition for Prediction Markets has appointed Brian Quintenz, former commissioner of the Commodity Futures Trading Commission (CFTC), as a senior adviser. Quintenz will steer the coalition’s strategic approach toward financial regulation, market structure, and engaging federal policymakers. The move comes as part of their ongoing push for solidifying CFTC authorization and enhancing agency funding.
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Quintenz’s New Role and Goals
Quintenz, known for his policy work, will lend his expertise to help shape the future of prediction markets. Previously, he was a Republican CFTC commissioner and held a prominent role at a16z crypto. Now, with this new position, he aims to advocate for a federal regulatory framework, which he believes is essential for the growth of prediction markets in the U.S. He emphasized the importance of transparency and fairness in these markets, stressing they provide genuine opportunities not only for Wall Street but for individuals on Main Street. In his statement, Quintenz noted, “Regulated prediction markets have created a new information economy built on radical transparency, fairness, and real opportunity for people on Main Street.” His vision aligns with the coalition’s mission to ensure these markets maintain their competitive edge globally.
Leadership and Advisory Team
The coalition’s leadership team is stacked with experience. Former Democratic Congressman Sean Patrick Maloney heads the group as President and CEO. Another key figure is former House Financial Services Committee Chairman Patrick McHenry, who also serves as a senior adviser. The membership roster includes industry players like Kalshi, Crypto.com, Coinbase, Robinhood, and Underdog. Quintenz brings with him a wealth of insights, having been part of Kalshi’s advisory board. His past political involvement includes a nomination by President Donald Trump in February 2025 to chair the CFTC, although this was later withdrawn in September of that year.
Regulatory Context and Challenges
The involvement of a former CFTC commissioner signals the coalition’s intent to navigate the complex regulatory market effectively. Federal oversight in prediction markets seeks to harmonize with state regulations, though tensions can arise. Quintenz argued that state or casino attempts to mediate federal market terms are counterproductive. “Slot machine regulation for derivatives markets won’t work,” he stated, underscoring the need for specialized regulatory frameworks that respect different business models. Market observers recognize this appointment as part of a broader trend where regulatory bodies and advocacy groups are tightening their grasp on evolving economic arenas like prediction markets. While the focus on federal support is clear, how state-level resistance might play out remains uncertain.
Next Steps
As Quintenz settles into his new role, the coalition is expected to ramp up its effort to secure strong CFTC authorization. Upcoming discussions with federal policymakers will be key in shaping the regulatory path forward. Stay tuned for developments as these engagements proceed.
Garry Sputnim is a seasoned journalist and storyteller with over a decade of experience in the trenches of global news. With a keen eye for uncovering stories that resonate, Alex has reported from over 30 countries, bringing light to untold narratives and the human faces behind the headlines. Specializing in investigative journalism, Garry has a knack for technology and social justice issues, weaving compelling narratives that bridge tech and humanity. Outside the newsroom, Garry is an avid rock climber and podcast host, exploring stories of resilience and innovation.
