Nomination Was on the Path to Succeed
Before the White House asked the Senate committee to delay its vote, it seemed inevitable that Quintenz’s nomination would succeed. The vote committee's vote was expected to be along party lines, with Republicans holding the advantage. The President’s party also has a majority in the Senate, making the nominee’s path to approval smooth.
This led Democrats and Republicans to be surprised when the request was made. While it appears President Trump is still supporting the nomination, it's clear that the opposition is starting to shake that.
Is Opposition to Quintenz Too Much to Overcome?
The list of opponents to Brian Quintenz’s nomination is large and includes several influential groups. State lawmakers from both parties, tribes, and the American Gaming Association have been lobbying hard to stop the nomination over concerns about sports prediction markets. These groups believe the new industry will lead to massive cuts in tax revenue for legal sports betting markets and lead to a massive spike in problem gambling.
There has also been some pushback from other prediction market operators over Quintenz’s ties to Kalshi. His role with the CFTC would give him access to sensitive information on Kalshi’s rivals as they race to capture market share.
That leaves Quintenz without many supporters, and could lead to the White House looking for a new nominee.
Are Sports Prediction Markets in Trouble?
Despite legal victories and support from President Trump, legal protections for sports prediction markets are suddenly far from certain. The amount of resources being spent to oppose the industry continues to grow, and several Republican-led states are publicly opposing it. This has drawn significant public attention to the CFTC nomination, which appears to be affecting the White House.
If the President decides to override the opposition to get Quintenz approved, he risks facing the public’s wrath in the November 2026 midterm elections. With the party already concerned about losing control of one or both chambers, angering key allies is something the White House will want to avoid.
