CFTC includes FanDuel and DraftKings execs on financial market advisory committee
Derivatives regulator’s newly formed Innovation Advisory Committee includes Christian Genetski and Jason Robins, along with a host of representatives from prediction markets platforms
The Commodity Futures Trading Commission (CFTC) has announced the formation of its new Innovation Advisory Committee (IAC), featuring the CEOs of leading prediction markets platforms and online sports betting operators.
The regulator attested that the committee will serve as “an important resource for cutting-edge innovation in the derivatives and commodity markets.”
Appointed committee members have been selected to keep the derivatives regulator abreast of developments in the market, with AI and blockchain technologies cited as two recent examples.
The IAC is currently comprised of 35 members CEOs and managing partners spread across various sectors.
Included in the committee are FanDuel president Christian Genetski and DraftKings CEO Jason Robins.
Both operators ventured into the prediction markets space towards the end of 2025, launching their respective FanDuel Predicts and DraftKings Predictions platforms.
Also included on the committee are Polymarket CEO Shayne Coplan, Kalshi CEO Tarek Mansour, and Robinhood CEO Vlad Tenev.
Crypto.com CEO Kris Marszalek and Coinbase chief executive Brian Armstrong have also been named as founding members of the IAC.
Jeff Sprecher, the CEO of Intercontinental Exchange, has also been added to the board. Intercontinental Exchange invested $2bn in Polymarket last year.
Similarly, CME Group CEO Terry Duffy has joined the table. CME Group provides prediction markets for FanDuel and DraftKings.
CFTC chair Michael Selig suggested the work carried out by the IAC would help pave the way for a “Golden Age” of American financial markets.
He said: “The IAC’s work will help ensure the CFTC’s decisions reflect market realities so the agency can future-proof its markets and develop clear rules of the road for the Golden Age of American financial markets.
“America is home to the most transparent and well-regulated financial markets in the world, but we cannot assume that this will always be the case.
“By bringing together participants from every corner of the marketplace, the IAC will be a major asset for the Commission as we work to modernize our rules and regulations for the innovations of today and tomorrow.”
Selig was appointed to the role of CFTC chair in December after being nominated by President Donald Trump.
In an address delivered last month, Selig stated he intended to remove any restrictions on political and sports event contracts, as well as creating definitive regulations for prediction markets and defending the CFTC’s “exclusive jurisdiction over commodity derivatives” in US courts.