Inside new CFTC chair nominee’s crypto, prediction market views
Michael Selig is the new CFTC chair nominee, the latest example of how crypto, prediction markets and gaming are becoming deeply intertwined.
In 2025, the US gaming industry has become captivated by the workings of the Commodity Futures Trading Commission (CFTC) like never before.
Apprehension started to mount in February over the possibility of Ohio Republican Brian Quintenz becoming the next chair of the CFTC. Quintenz, a former CFTC commissioner nominated that month by US President Donald Trump, had direct ties to prediction markets as a sitting board member for Kalshi. Additionally, Quintenz publicly advocated for another exchange, ErisX, in its failed attempt to offer sports contracts in 2021.
Now, Quintenz’s…
