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Ex-CFTC chair Gensler argues federal law does not preempt state gambling rules on prediction markets

  • Ex-CFTC chair Gensler argues federal law does not preempt state gambling rules on prediction markets — Former CFTC Chair Gary Gensler filed an amicus brief arguing the Commodity Exchange Act's exclusive-jurisdiction grant does not immunize prediction-market contracts from state gambling laws, joining a wave of filings urging the Supreme Court to take up the fight over whether sports event contracts are derivatives. (CoinDesk)

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