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.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-12/gary-gensler-says-kalshi-is-flat-wrong-sports-bets-aren-t-swaps)

Sponsored