Former CFTC Commissioner Brian Quintenz Takes Advisory Role at Coalition for Prediction Markets

Brian Quintenz, the former Commodity Futures Trading Commission (CFTC) commissioner and current Kalshi board member, has joined the Coalition for Prediction Markets (CPM) as a senior adviser.

The announcement adds another high profile figure to the industry group, which has been advocating for greater acceptance of federally regulated prediction markets in the United States. CPM said Quintenz will help advance its efforts to promote "transparent, accessible and regulated prediction markets" as legal and regulatory questions continue to shape the sector.

Experienced Voice Joins Industry Coalition

Quintenz served as a CFTC commissioner from 2017 to 2021 and is still a well known figure in financial markets and digital assets. He also sits on Kalshi's board, giving him direct experience with one of the largest prediction market operators in the U.S. His appointment comes at a time when prediction markets are facing growing legal challenges from several states over sports event contracts.

CPM said Quintenz's regulatory background will help the organisation engage with lawmakers and policymakers as the industry continues to evolve.

Coalition Continues to Build Its Team

Quintenz is part of a growing list of prominent legal and political figures advising the Coalition for Prediction Markets. The group's leadership already includes former House Financial Services Committee Chairman Patrick McHenry, former U.S. Solicitor General Elizabeth Prelogar, and former Congressman Sean Patrick Maloney. Together, they are working to support federal oversight of prediction markets and defend the industry's position in ongoing legal and policy discussions.

The coalition has become increasingly active as more states challenge prediction market operators, particularly over sports related contracts.

Debate Over Regulation Continues

The appointment comes as prediction markets remain at the centre of legal battles across the U.S. Operators such as Kalshi maintain that their event contracts are financial products regulated by the CFTC under the Commodity Exchange Act, while several states are still saying that sports event contracts should instead be treated as gambling products under state law.

Court cases in states including New York, Nevada, Michigan, Washington, and New Mexico continue to test where regulatory authority ultimately lies. As those cases move forward, industry groups like CPM are playing a larger role in representing prediction market operators in Washington and beyond.

Industry Advocacy Continues to Grow

Quintenz's appointment highlights how prediction market operators are expanding their efforts outside the courtroom. Alongside ongoing legal action, the industry is investing more heavily in policy, lobbying and public engagement as it seeks greater clarity around how prediction markets should be regulated.

With legal challenges continuing across multiple states, experienced voices like Quintenz are expected to play an increasingly important role in shaping the conversation around the future of prediction markets in the United States.

Stay tuned to UMG Gaming for more updates on prediction markets, regulation, and the latest developments shaping the future of event-based trading in the United States.