Former CFTC and SEC Chair Gary Gensler joins BBC News Chief Presenter Steve Lai to talk about why 39 US States asked the Supreme Court to hear a case against Kalshi. What’s the dispute is all about? Why might Kalshi not wish to be regulated by the States?
Gary filed his own Supreme Court Amicus Brief as well giving a firsthand account – from his time as CFTC Chairman - that Congress, in response to the 2008 financial crisis, did not make the CFTC the nation’s sports betting regulator.
You also can listen to Gary & Simon discuss Prediction Markets in ‘Episode Five: Prediction Markets’