The New Normal: Gary Gensler on Dodd-Frank, Prediction Markets, and Powers Congress Never Granted

Wednesday, June 24th, 2026 Prediction markets have become one of the most contentious issues in gaming and financial regulation. As the CFTC has expanded its support for event contracts, states and tribal governments argue the agency is overriding long-established gaming laws and challenging state and tribal sovereignty. What began as a debate over financial products has evolved into a national fight over federal power, congressional intent, and who has the authority to regulate gambling in America. This week on The New Normal, we are honored to welcome former SEC Chairman and former CFTC Chairman Gary Gensler. In a recent amicus brief, Gensler challenged the legal foundation underlying the CFTC's support for prediction markets, arguing that Congress never intended Dodd-Frank to transform the agency into a nationwide gambling regulator. As states, tribes, and gaming regulators continue to challenge the CFTC in courts across the country, we'll discuss prediction markets, congressional intent, state and tribal sovereignty, and the growing conflict over who governs gambling in America.