Dodd, Gensler Tell SCOTUS Their Act Didn’t Make CFTC Regulator

WASHINGTON – The Senator and CFTC chairman responsible for the implementation of the 2010 Dodd-Frank Act told SCOTUS that the act didn’t grant the Commodity Futures Trading Commission as a regulator for sports betting . The pair of important figures made their points clear in respective amicus briefs urging SCOTUS to hear the prediction markets case, bringing the total to 11 briefs for New Jersey. Gary Gensler , former CFTC Chairman, and Christopher J. Dodd , former U.S. Senator, argued that sports betting “event contracts” aren’t swaps and that the Dodd-Frank act didn’t establish federal regulation for sports betting .