Gary Gensler, the former chair of both the CFTC and the SEC, filed an amicus brief Thursday with the Sixth Circuit Court of Appeals arguing that sports-event prediction markets are not federally regulated swaps under Dodd-Frank. The brief sides with state regulators against Kalshi, one of the… Read the full story at The Defiant
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Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules
