Former SEC, CFTC Chair Gary Gensler argues that prediction markets don’t overrule state regulations
“To put the argument in the plainest real-world terms: Senate Majority Leader Harry Reid of Nevada would never have consented to or passively accepted legislation displacing an activity so critical to his state’s economy and politics by permitting sports betting only under CFTC auspices,” Gensler’s brief said. Courts have so far been split; some have...
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