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TOP NEWS
POLICY & REGULATION
Gensler Tells 6th Circ. 'Sports Bets Aren't Swaps'
By Aislinn Keely
Former Wall Street regulator Gary Gensler told the appeals court overseeing Kalshi's prediction market battle with Ohio regulators that Congress didn't intend for the U.S. Commodity Futures Trading Commission to become a nationwide sports betting regulator when it drafted swaps laws during his chairmanship of the agency.
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ENFORCEMENT & COMPLIANCE
LITIGATION
EXPERT ANALYSIS
Direct Fed Payment Access Finally In Sight For Fintechs
A recent executive order and a Federal Reserve proposal could finally allow direct payment system access for fintechs and other nonbanks, potentially reducing reliance on sponsor banks and reshaping competition, as well as prompting organizations to reassess partnership strategies as litigation and rulemaking unfold, say attorneys at Freshfields.
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LEGAL INDUSTRY
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