A Kalshi lawyer who said that if event contract traders “lose their shirt, that’s on them” is the latest candidate that the White House is reportedly considering for the role of chair of the Commodity Futures Trading Commission (CFTC).
Semafor reported Tuesday that Josh Sterling, a lawyer at Milbank who has represented Kalshi in its cases against the states of Nevada, Maryland, and New Jersey, would take over the CFTC chair after Brian Quintenz’s nomination stalled. The report says the White House is vetting Sterling, who also worked at the CFTC between 2019 and 2021, for the role.
To those in the sports betting world, Sterling is widely known for his comments at the National Council of Legislators from Gaming States Summer Meeting in July.
