The White House is considering alternatives to Kalshi director Brian Quintenz to be the next chair of the Commodity Futures Trading Commission (CFTC), now that Quintenz’s nomination for the post appears to have stalled.
Bloomberg reported Thursday that the White House is “weighing additional candidates” to chair the regulator that governs prediction markets like Kalshi, as well as the commodities industry.
That comes as Quintenz’s nomination still awaits a vote from the Senate Committee on Agriculture, Nutrition & Forestry. He was twice scheduled for a vote, but on both occasions his name was withdrawn at the last minute.
The second withdrawal came after the White House told the Committee not to hold the vote, reportedly due to pressure from the Winklevoss twins.
