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Comment for Industry Filing 20-004

  • From: James J. Angel
    Georgetown University

    Comment No: 64796
    Date: 1/26/2021

    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.