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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Archive context. The story has cross-source confirmation.
Gary Gensler is calling malarkey the claim that the CFTC has jurisdiction over prediction markets, specifically sports bets.
Why this matters
CFTC is showing up inside the Regulation theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
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