Ex-CFTC Chair Gary Gensler urges appeals court to reject Kalshi federal sports betting claims

Former Commodity Futures Trading Commission Chairman Gary Gensler is urging a federal appeals court to side with Ohio regulators in their fight with prediction-market company Kalshi, arguing that Congress never turned the CFTC into a nationwide sports betting regulator when it passed the Dodd-Frank Act . In a friend-of-the-court brief filed Thursday (June 11) with the U.S. Court of Appeals for the Sixth Circuit, Gensler challenged Kalshi’s position that certain event contracts fall under federal