Chris Gerlacher
speaker
121 appearances
1 recordings
1 series
first heard Jun 2026
last heard 18 Jun
Chris Gerlacher’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
But there's something that's very funny if you like sports contracts, infuriating if you hate them, that can happen if the Supreme Court rules against the exchanges.
One of the legal questions being fought over right now is whether these are swaps, whether these are a specific type of futures contract.
in a supreme court loss the exchanges could say okay we're not fine we're not swaps we will delist these we will repackage them and introduce them back as options which are a different type of future and then we're going again and looking back at congress and back at the cftc in a future term
to put lasting limits on here but you've got too many states and courts ruling in on this and you're arriving you're ending up at different places so you've got the third circuit that is ruled in favor of calci by two to one calci has argued before circuits nine and four and those are expected to be victory laps for the states and tribes the sixth circuit is heating up
So you need a Supreme Court case to come down and resolve what is likely going to be a circuit split anyway.
But you're not going to get resolution or even know whether states can enforce state law or bills they may have passed limiting event contracts and prediction markets until the Supreme Court weighs in and draws that line between federal and state jurisdiction for event contracts again, particularly on sports.
Look, this is a federal preemption issue.
The CFTC is a federal agency.
They're regulating these specific transactions on these exchanges, and that would overrule state law.
That's one.
Number two would be, if I really wanted to mangle a 10th Amendment case in a state's rights case, they could say,
The states have authority over wagers conducted on regulated sports books, but these exchanges are a separate venue.
They're regulated by the CFTC, and the CFTC only controls these transactions over here.
And separating those into two separate boxes the way you've seen the exchanges try and argue that in federal court already, they could adopt that argument for their own, and that could lead to an exchange victory as well at the Supreme Court.
I believe you're right.
I know there is one.
I don't know this line of argument well.
I want to hear it.
Oh, is this the, uh, this is a variation on the, you know, is sports betting a traditional casino game, right?
That exactly.
Showing 61–80 of 121 · page 4 of 7
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