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

Bloomberg Markets · Jun 12, 2026, 12:31 PM · Also reported by 1 other source

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.

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

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