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Opened Apr 29, 2026 by Jenni Dodd@jennidodd9838
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Nevada Congresswoman Questions CFTC Chair Nominee Brian Quintenz's 'Conflict Of Interest'


A Nevada Congresswoman requested the Commodity Futures Trading Commission (CFTC) to penetrate if Chairman candidate Brian Quintenz is compromised by his financial interest in the controversial prediction market trading platform Kalshi.

- Nevada Rep. Dina Titus wants the CFTC to launch Chairman candidate Brian Quintenz's interactions about prediction outcome markets.

  • Titus is concerned Quintenz, who's still waiting for Senate approval, won't be impartial on regulatory choices because he's on Kalshi's board.
  • Kalshi has actually remained in a legal fight with numerous U.S. states.

    Rep. Dina Titus sent out a letter to CFTC Acting Chairwoman Caroline Pham requesting the commission check out whether Quintenz has a dispute of interest because he serves on the board of Kalshi. Titus, who isn't in favor of Quintenz's nomination, questioned if he breached federal law, company treatments, guidelines, or his ethical pledge before the Senate confirmation.

    As co-chair of the Congressional Gaming Caucus, I am advising the @CFTC to examine @BrianQuintenz, as the Senate considers his election for Chair of the CFTC.

    Quintenz is currently on the board of Kalshi and holds stock choices in the company, which is managed by the ...

    "Specifically, I ask for that you launch all appropriate communications from or about Mr. Quintenz related to prediction markets and occasion agreements," Titus composed in the letter. "As you are conscious, Mr. Quintenz is presently on the board of Kalshi and holds stock options in the business. Kalshi is a Designated Contract Market managed by the CFTC that uses event contracts connected to sports and other subjects.

    She included, "Since Mr. Quintenz's election in February, the CFTC has taken a number of actions connected to forecast markets that have impacted Kalshi and its competitors. This consists of settling claims with Kalshi, authorizing new forecast market platforms, and closing relevant investigations."

    Open information

    Titus serves Nevada's First District, which includes Las Vegas. She's likewise co-chair of the Congressional Gaming Caucus and spoke up against the Big Beautiful Bill's new gambling tax. Now, she's set her sights on forecast market platforms, which she calls "prohibited gaming."

    In the letter to the CFTC, Titus questioned a current Freedom of Information Act demand that showed Quintenz pursued information on Kalshi's rivals before his nomination. This came after Quintenz vowed in composing to the CFTC that he would prevent disputes of interest surrounding Kalshi and have absolutely nothing to do with the trading business for one year.

    "While I hope Mr. Quintenz is following the law and his own promise, sadly this firm has currently proven not to be transparent, cancelling a previously announced public roundtable, overlooking my petition request, and disregarding CFTC regulations and the law by permitting the trading of event agreements on sporting occasions that are illegal gaming," Titus wrote.

    Decision-making issues

    The Silver State Congresswoman is concerned Quintenz won't be neutral towards Kalshi and forecast result markets relating to future regulative choices, so Titus is asking for the CFTC release all of Quintenz's interactions on the subject. This includes his private emails and discussions with Kevin Webb, who Titus said is expected to be called Quintez's chief of staff if he becomes commission chair.

    "As the Senate thinks about Mr. Quintenz's election to chair this crucial agency, it is crucial that the general public totally understand the degree of his participation managing a sector in which he has a significant monetary interest," Titus composed. "I am worried that as Chair, he will not maintain both his own ethical promise and other laws and regulations associated with conflicts of interest."

    Quintenz received President Donald Trump's nomination previously this year, however there's been a hang-up in the Senate Agriculture Committee, which twice canceled his election vote over the last month. Quintenz functioned as CFTC chair in Trump's first administration.

    Kalshi under fire

    Kalshi burst onto the scene during the 2024 U.S. Presidential Election and came under fire in several American states for offering political and sports result agreements in all 50. Nevada, Maryland, and New Jersey, along with other jurisdictions, tried to stop Kalshi from using sports result markets that are similar and challenge those states' legal, regulated, and taxed sportsbooks.

    However, Kalshi resisted with multiple claims. A Maryland judge ruled against Kalshi's preliminary injunction motion recently, the trading platform's first significant setback.
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Reference: jennidodd9838/the-bet-9ja-promotion-code-this-2026-is-yohaig#1