Former SEC Chair Gensler files an amicus brief arguing the CFTC lacks authority to regulate sports-related prediction markets

Gary Gensler, the former chairman of both the SEC and CFTC, has filed an amicus brief with the Sixth Circuit Court of Appeals arguing that federal law does not grant the CFTC authority over sports-related prediction markets.  Gensler, who needs no introduction to anyone with exposure to the crypto sector during the Biden administration, claims...