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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.
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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.
