Sports Boom: Betting with Gary Gensler & Fandom with George Pyne 6/11/26

Squawk Pod

CNBC

Investing, Business, Business News, News

4.2 • 547 Ratings

🗓️ 11 June 2026

⏱️ 38 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

The Knicks pulled off an historic comeback in Game 4 of the NBA Finals, and it isn’t the only sport riding the wave of renewed fan enthusiasm. Bruin Capital CEO George Pyne explains why sports viewership is booming, for the NBA as well as the NHL, MLB, and Golf. Former CFTC Chairman Gary Gensler led the agency when Congress passed the Dodd-Frank Act. Today, he argues that Congress did not intend to set the CFTC up as sole regulator of sports betting. Plus, President Trump issues a warning to Iran, and CNBC's Leslie Picker breaks down what investors should know ahead of the highly anticipated SpaceX IPO. Dan Murphy - 03:03 Leslie Picker - 10:49 Gary Gensler - 17:16 George Pyne - 34:03 In this episode: Dan Murphy, @dan_murphy Leslie Picker, @LesliePicker Joe Kernen, @JoeSquawk Kelly Evans, @KellyCNBC Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	bring in show music please this is squawk pod and i'm cnbc producer cameron costa on today's episode
0:09.5	the new york nix scored the biggest comeback in nba playoff finals history last night riding
0:17.6	the sports wave with bruin Capital CEO, George Pine.
0:21.6	But it's not just the NBA.
0:23.0	You know, the NHL is experiencing a great finals, great regular season.
0:26.8	Baseball off to a strong start.
0:28.7	Golf.
0:29.5	Sports is surging.
0:31.7	And Gary Gensler served as chairman of the CFTC under President Obama.
0:36.8	And now he's pushing back on the CFTC's assumed role in prediction markets.
0:42.3	What they're trying to do is to, one, say that they have authority over sports betting,
0:47.3	which I don't think they do.
0:49.3	That will play out all the way to the Supreme Court, of course.
0:51.3	And two, they're trying to reverse a rule we voted unanimously.
0:56.6	Plus, President Trump's bellicose warning to Iran, and the SpaceX IPO IPO is tomorrow.
1:02.7	Leslie Picker has a report for all those hoping to nab shares.
1:06.1	The tell from those of you who have put in orders out there is if you do find that your full allocation request has been filled, that's usually a negative sign.
1:15.9	It's Thursday, June 11th, and Squawk Pod begins right now.
1:21.1	Stand by Joe, and three, two, one, his mic, cue.
1:27.3	Oh, me. Usually, Becky would do this. Do you want to do it? Listen, I don't call the shots. I just follow what... You just set the alarm and show up, which I appreciate it. Which is hard enough. Thank you for being here. Kelly, and you left the brood at home. Yes. Chaos. In the back. You brought me. Good morning. Welcome to Squawk Box here on CBC, live from the NASDAG market site and Times Square. I'm Joe Kernan, along with Kelly Evans. Becky and Andrew are off today. You got a lot of interviews. Got a lot of interviews. It's going to be. So you're up late and then up early.
2:01.1	And it wasn't even up late to watch the Knicks.
2:03.2	Well, let's get to the latest flare-up of fighting in the Middle East, the U.S. and Iran,
	...

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