# Trump Sends Two CFTC Nominees to Senate as Prediction-Market Rules Advance By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/56937 Published: 2026-11-13T18:02:53.000Z Updated: 2026-11-13T18:02:53.000Z Section: Regulation > The CFTC lists Chairman Michael S. Selig as its sole commissioner on a five-seat panel. If confirmed, the nominees would bring it to three members. President Donald Trump submitted Nathan Anonick and Matthew Rowland for Senate confirmation Thursday, Nov. 12, as the CFTC advances prediction-market rules and challenges state efforts to regulate the industry. Anonick was nominated to fill the seat formerly held by Chairman Rostin Behnam, with a term ending June 19, 2031. Rowland was nominated for the balance of a term ending April 13, 2028, in the seat formerly held by Commissioner Summer K. Mersinger. The CFTC has five commissioner seats, but its roster lists Chairman Michael S. Selig as its sole current member. Selig was sworn in Dec. 22, 2025. Confirmation of both nominees would bring the commission to three members, leaving two seats vacant and changing the [vacancy picture described in earlier coverage](). The agency’s March notice described event contracts as derivatives based on whether a stated event occurs. It sought public comment on prediction-market rules and said markets offering swaps or futures to the public must register with the CFTC as designated contract markets. In June, the CFTC proposed a framework for reviewing event contracts involving activities such as gaming and for weighing whether they may run counter to the public interest. On Oct. 9, it proposed expressly including event contracts tied to sports, politics, culture and weather in its definition of swaps. Selig said the contracts are “commodity derivatives squarely within the CFTC’s regulatory remit.” These actions remain requests for comment or proposals, not final rules. The agency is also contesting state authority in court. On Oct. 27, the CFTC sued Utah to block the state from applying its laws to CFTC-registered contract markets, in the [case over Utah’s enforcement against prediction markets](). The CFTC said the suit followed Utah civil enforcement actions against those markets. The policy actions and the Utah suit address separate questions: how federal rules should cover event contracts and whether Utah can enforce its laws against federally registered markets. The Senate must confirm both nominees before they can take seats on the commission. ## Links in this article - [vacancy picture described in earlier coverage](https://www.tokenpost.com/news/regulation/25507) - [case over Utah’s enforcement against prediction markets](https://www.tokenpost.com/news/regulation/42343)