Prediction markets’ legal arguments ignore the fact that the reforms that brought event contracts under Commodity Futures Trading Commission (CFTC) jurisdiction existed to prevent another financial crisis, according to the agency’s former chair Gary Gensler.
Gensler was speaking as the guest on Wednesday’s edition of the Indian Gaming Association’s (IGA’s) The New Normal podcast, hosted by Indian Gaming Association (IGA) Conference Chair Victor Rocha and Executive Director Jason Giles.
Gensler was chair of the CFTC from 2009-14, and then chair of the SEC from 2021-25.
