Former CFTC commissioner appointed to support the coalition’s mission to advance clear, consistent rules that promote transparency and protect consumers
The Coalition for Prediction Markets (CPM) has appointed former CFTC commissioner Brian Quintenz as senior advisor.
Quintenz will provide strategic guidance on financial regulation, market structure, and engagement with federal policymakers, supporting CPM’s mission to advance clear, consistent rules that promote transparency and protect consumers.
The former CFTC commissioner will also bolster CPM’s advocacy for long-term CFTC authorization and strengthening the agency’s funding to ensure effective market supervision and robust oversight.
“Regulated prediction markets have created a new information economy built on radical transparency, fairness, and real opportunity for people on Main Street – not just institutions on Wall Street,” said Quintenz. “I’m thrilled to continue my work to ensure these markets grow here in the United States through a federal regulatory framework that keeps American markets the best in the world.”
Quintenz joins CPM at a time when prediction markets face mounting efforts by state authorities to assert jurisdiction over markets that resemble betting.
He will help advance CPM’s policy agenda to reinforce the integrity and consumer benefits of federally-regulated prediction markets.
“Federal oversight of prediction markets is calibrated towards market-based activity and is not a zero-sum game against states,” continued Quintenz. “Both regimes, which regulate different business models under frameworks aimed at those businesses’ risks, can coexist. But attempts by states or casinos to interfere with, or even dictate terms for, federal markets cannot stand. Slot machine regulation for derivatives markets won’t work.”