By Neil Roland ( June 16, 2026, 22:21 GMT | Insight) -- Gary Gensler, who as US Commodity Futures Trading Commission head was a chief architect and enforcer of the 2010 Dodd-Frank Act, said in an amicus brief that the Trump administration’s CFTC is mistakenly claiming authority over state-run sports bets.The brief by Gensler, who served as CFTC chair during the first Obama administration, was filed with the US Court of Appeals for the Sixth Circuit, siding with Ohio regulators against Kalshi, one of the largest prediction markets. He said that nobody working on Dodd-Frank after the 2008 financial crisis “was attempting to put a curve ball” by Senate Majority Leader Harry Reid “to legalize a national sports-betting regime.”Gary Gensler, who as US Commodity Futures Trading Commission head was a chief architect and enforcer of the 2010 Dodd-Frank Act, said in an amicus brief that the Trump administration’s CFTC is mistakenly claiming authority over state-run sports bets....
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