Kalshi is the prediction market whose sports contracts the Commodity Futures Trading Commission was being asked to rule on. It was also the one holding that Brian Quintenz, nominated to chair that agency, faced no deadline to clear before taking office. He sits on Kalshi’s board to this day.
The ethics agreement he signed on May 21, 2025, published by the Office of Government Ethics as a public record, set out how he would handle his financial interests if the Senate confirmed him. It covered three holdings in the sector he would have regulated, and it did not treat them alike.
Two required actions up front. His carried interest in the Andreessen Horowitz crypto funds — a fund manager’s share of investment profits, paid only after investors are made whole — had to be divested “prior to the date that I assume the duties” of chairman, or forfeited.
The same deadline governed his stock options and profits interest in Next Level Derivatives LLC, the derivatives venture he chaired.
