Gary Gensler
speaker
649 appearances
2 recordings
1 series
first heard Aug 2026
last heard 3d ago
Gary Gensler’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 — 2 in all, peaking in Sep 2026 with 1.
Appearances
Congress comes together and says, we need to reverse something we did in 2000.
Congress passed the reform bill called Dodd-Frank, in that it granted the CFTC
And the SEC authority over the swaps market.
And in that, there was a definition of swap, that be a little technical, that had six prongs to it.
One of them had this long list of things called like interest rate swaps and credit default swaps, but there was another piece of it that talked about event contracts associated with economic, financial
Or commercial risks.
Nowhere, not once, did I ever hear somebody say, Carrie, we've got to cover sports betting.
Simply put, nobody in 2010, in my presence or my understanding, was talking about moving sports betting authority from the states to the federal government and preempting the
States, Harry Reid, who was then the majority leader of the US Senate, happened to have been from Nevada, happened to have gotten his start in politics as chair of the Nevada Gaming Commission.
Yeah.
If somebody would have said to Harry, that's what we're doing, he would have stopped us.
And it's because we were not doing that.
So
Look, we already have FanDuel and DraftKings.
These are national platforms that comply by with individual state laws.
Thirty nine states allow sports betting, eleven do not.
It's a state regulated business and that's not the issue.
I mean, we've had betting on sports since antiquity.
Yeah.
And right now it's regulated at the state level and it's been a traditional state enforcement and police authority for many decades.
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