Gary Gensler Says Kalshi Is Flat Wrong: Sports Bets Aren’t Swaps

Gary Gensler, overseer of Wall Street for significant parts of the last two decades, has a message for anyone arguing sports betting is a matter for federal financial regulators: They’re...

By Silla Brush, Lydia Beyoud · Bloomberg Markets

Gary Gensler, overseer of Wall Street for significant parts of the last two decades, has a message for anyone arguing sports betting is a matter for federal financial regulators: They’re wrong.