The post Gary Gensler Joins Fight Against Kalshi, Says Congress Never Approved Sports Betting Markets appeared first on Coinpedia Fintech News
Prediction market platform Kalshi has spent months arguing that betting on sports outcomes should be treated like trading a financial product. Now, former SEC and CFTC Chairman Gary Gensler has joined a conversation supporting Ohio’s challenge against Kalshi, arguing that Congress never intended federal regulators to take control of America’s $165 billion sports betting industry. …