#sports prediction markets

The Sixth Circuit's decision could reshape regulatory landscapes, impacting market operations and state versus federal authority dynamics. The post Gary Gensler files amicus brief against CFTC’s authority over sports prediction markets appeared first on Crypto Briefing.

Former U.S. Commodity Futures Trading Commission Chair Gary Gensler has joined a growing list of groups challenging sports prediction markets, arguing in a new court filing that Congress never intended federal derivatives laws to cover sports betting contracts. According to…