Comment Text:
See attached comment lettter. In summary:
• The proposed ErisX contracts are in the public interest and should be approved without delay.
• The contracts do not involve “activity that is unlawful under any State or Federal law.”
• The ErisX contracts will help legal sports betting markets function better by providing risk management for legal sports betting operations.
• Congress has already decided to let sports betting go forth. It is not up to the CFTC to override Congress’ decision.
• Better functioning legal sports betting markets will reduce illegal activity and associated corruption.
• The restrictions on participation are too strict and should be loosened.
