Odds That Paul Atkins Will Be The Next SEC Chair Soared To 93%

Paul Atkins Leads Kalshi Odds For SEC Chair After Reports Trump Team Reached Out

Updated: 04 December 2024

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Kalshi odds that long-time crypto supporter and former US Securities and Exchange Commission (SEC) member Paul Atkins will be the regulator’s next chair soared to 93% following reports that President-elect Donald Trump reached out to him.

Atkins’ Kalshi odds surged 20% in the last 24 hours to a peak of 93%. His odds have since fallen to stand at 67% as of 1:40 a.m. EST. Despite the correction, Atkins remains the favorite on the prediction platform, with Brain Brooks and Teresa Goody Guillen having the next highest odds at 17% each.

Trump Reportedly Picked Paul Atkins To Be The Next SEC Chair

A Nov. 27 report from Politico said that Trump’s team invited Atkins to an interview with the incoming US President. Atkins was then spotted at the President-elect’s Mar-A-Lago resort earlier this week.

Several news outlets have since suggested that Trump has selected Atkins to be his SEC chair pick, citing unnamed sources familiar with the matter.

Trump’s pick for SEC chair, Paul Atkins, believes in the free market. This will be very good for Bitcoin. pic.twitter.com/b7K6rsfXs7

— The ₿itcoin Therapist (@TheBTCTherapist) December 3, 2024

Trump has not yet officially named his pick for the new SEC chair on Truth Social, which is his preferred platform for announcing the members of his upcoming administration. Even if Trump were to pick Atkins, the former SEC commissioner will still need to be formally nominated in January and confirmed by the US Senate.

Atkins Reluctant To Take SEC Job

A CoinDesk report cited sources close to Atkins who said the role is unattractive for him due to the amount of work needed to turn around the SEC. The sources added that Atkins believes outgoing chair Gary Gensler mismanaged the agency.

Adding to Atkins’ reluctance is the fact that he is the founder and CEO of the global consulting firm Patomak Global Partners, which has a few crypto companies as clients. One of the sources also reportedly said that Atkins does not want to leave his practice to take up the SEC role.