In opposition to federal oversight of the prediction markets, the National Football League has sided with states, Gary Gensler and one of the authors of the relevant law.

Tezos co-founder Arthur Breitman stated that the crypto industry does not need a pro crypto US government, only a government that is not hostile to the crypto industry.

[Musalem: Interest Rates Should Be Raised in the Next 6 to 9 Months] Federal Reserve official Musalem stated that interest rates should be increased within the next 6 to 9 months. (Source: Jin10 Data)

On October 8th, the NFL submitted a friend of the court opinion to the US Supreme Court, supporting the case of New Jersey regulatory agency v. predictive market platform Kalshi. The NFL claims that sports contracts provided by platforms such as Kalshi are gambling rather than swaps, and should not be under the exclusive jurisdiction of the CFTC and should be regulated by the state, and requests the Supreme Court to accept this case. The NFL pointed out that out of the projected market turnover of $3.3 billion on the first Sunday of this season, nearly $2 billion is related to NFL games. Kalshi responded that the CFTC is already regulating the sports related market, and federal regulation is more unified than state regulation. (Source: The Block)

Federal Reserve official Musalam stated that in order to restore inflation to target levels, it is necessary to tighten monetary policy.