The chair of the federal agency that regulates derivates markets, which has recently expanded to include controversial wagering on politics, is resigning. Rostin Benham, chairman of the US Commodity Futures Trading Commission since January 2021, is stepping down next month. Benham has been a strong opponent of allowing legal wagering on political events and elections. (Image: Casino.org) Rostin Behnam was first appointed to the Commodity Futures Trading Commission (CFTC) in July 2017 by President Donald Trump. After serving on the five-member commission, President Joe Biden elevated Behnam to the role of chair in January 2021. A Democrat and former attorney, Behnam has opposed allowing online wagering exchanges like PredictIt and Kalshi from facilitating contracts on political events and elections. With Trump returning to Washington, DC, this month, Behnam says he’ll depart effective February 7. Over the past several years, a multitude of domestic and global events tested the resilience of all financial markets. I am proud that the Commission consistently… Read More
Category: Politics, CFTC, Commodity Futures Trading Commission, exchange, Kalshi, political betting, PredictIt, Rostin Benham
Source: Casino.org
