To: IGA Member Tribes From: Ernest L. Stevens, Jr., Chairman Jason C. Giles, Executive Director Re: ALERT: Senate Committee on Agriculture, Nutrition, and Forestry to Consider CFTC Nominee Brian Quintenz Date: July 14, 2025 This week, the Senate Committee on Agriculture, Nutrition, and Forestry (“Committee”) is set to vote on the appointment of Brian Quintenz to Chair the Commodity Futures Trading Commission (“CFTC”). In response to Mr. Quintenz’s nomination hearing on June 12, 2025, IGA, NCAI, and the American Gaming Association (“AGA”), among other concerned entities, has authored and circulated a letter to the Committee, raising their concerns surrounding Mr. Quintenz’s adequacy for the position. We now ask that our IGA members tribes contact their Senators and Committee members to urge them to stay Mr. Quintenz’s nomination until he has committed to initiating a CFTC review of sports-based event contracts if he is confirmed as CFTC Chair. Throughout his Nomination Hearing, Mr. Quintenz could not provide forthright answers to questions on his approach to events contracts, including sports-based events contracts, which are of great concern to tribal gaming operations and are the subject of pending litigation in the Third Circuit. In addition to his vague answers on CFTC’s inaction surrounding these events contracts, many tribal gaming operators are also concerned about Mr. Quintenz’s conflicts of interest in overseeing these matters. As we have reported in prior alerts, Mr. Quintenz is a former CFTC Commissioner and, more notably, a former board member of KalshiEX, LLC (“Kalshi”), one of the financial services companies engaged in sports-based event contracts. Concerned parties found that his testimony failed to instill confidence in his ability to maintain the CFTC’s impartiality in these matters. We have reported in the past that in late 2024, Kalshi and other CFTC-registered prediction platforms, began to offer sports-based event contracts. These contracts ultimately amount to sports-betting platforms in that they permit the buying and selling of predictions on the outcomes of sporting events. This raises significant public policy concerns as these companies are being permitted to bypass the entire regulatory scheme that governs state and tribal gaming operations. This is being carried out in violation of the CFTC’s own regulations, which explicitly demand the CFTC review contracts that “involve, relate to, or reference” gaming as violations of public policy. Accordingly, many tribal nations, state attorneys general, regulatory agencies, and business entities raised their concerns that these platforms violate both federal statutes, including the Indian Gaming
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