Former SEC, CFTC Chair Gary Gensler argues that prediction markets don't overrule state regulations

Crypto Insight Summary: The former regulator joined a number of interest groups in arguing that prediction markets are overstepping their bounds by offering sports-related contracts. Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory comments on prediction markets have minimal direct impact on crypto markets.