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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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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.
