From:
Kate Oh
Organization(s):
Americans for Financial Reform Education Fund, Demand Progress Education Fund, and Public Citizen
Comment Text:
Please find our full comment in the attached file. We submit this letter to establish that the CFTC does not have, and cannot have, legal jurisdiction over what are essentially gambling bets that are regulated by the states and tribal authorities and to document the extraordinary harms that so-called prediction markets, where such bets are traded, pose to consumers and businesses, the financial system, and our democracy.
Sincerely,
Americans for Financial Reform Education Fund
Demand Progress Education Fund
Public Citizen
