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Former SEC, CFTC Chair Gary Gensler argues that prediction markets don't overrule state regulations
The former regulator joined a number of interest groups in arguing that prediction markets are overstepping their bounds by offering sports-related contracts.
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coindesk.com
Former SEC, CFTC Chair Gary Gensler argues that prediction markets don't overrule state regulations
The former regulator joined a number of interest groups in arguing that prediction markets are overstepping their bounds by offering sports-related contracts.
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decrypt.co
Gary Gensler Backs States in Fight Over Prediction Market Regulation - Decrypt
The former SEC and CFTC chair says Congress "categorically" did not intend to put sports betting under exclusive federal oversight.
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cryptobriefing.com
Gary Gensler files amicus brief against CFTC's authority over sports prediction markets
Former SEC and CFTC chair Gary Gensler filed an amicus brief arguing the CFTC lacks authority over sports prediction markets, backing state gaming
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Gary Gensler backs states in prediction market regulation fight
Former SEC and CFTC chair Gary Gensler filed an amicus brief supporting states against prediction market platforms like Kalshi and Polymarket in a key legal
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theblock.co
Former SEC Chair Gensler rejects CFTC claim of authority over prediction market sports betting
Gary Gensler is calling malarkey the claim that the CFTC has jurisdiction over prediction markets, specifically sports bets.
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thedefiant.io
Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules - "The Defiant"
Gary Gensler argues in a Sixth Circuit amicus brief that sports prediction markets do not qualify as swaps under Dodd-Frank, siding with states against Kalshi.