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Comment for Industry Filing 23-01

  • From: Hannah Banks
    Organization(s):
    Concerned citizen

    Comment No: 71434
    Date: 7/20/2023

    Comment Text:

    Please deny the proposal your agency is currently considering to allow a private company to accept bets on the outcomes of elections. Elections are not a spectator sport; they are the core of our democracy.

    We already suffer low confidence in elections. Having people place bets on elections would only cause greater concerns about election integrity and create a more dangerous environment for election officials.

    Artificial intelligence is already spreading wildly. Let's not test it in these uncharted waters. Allowing betting on elections would incentivize people to use AI to create false or misleading content to influence popular opinion and maximize winnings.

    I’m also highly concerned for election officials, who aren’t anticipating betting on election results and who are already facing unprecedented attacks. Allowing betting on elections would lead to more conspiracy theories, lies, and harassment directed at these officials.

    Allowing people to bet on election results is also fundamentally opposed to a well-functioning democracy. It promotes a team spectator sport mentality where people are more concerned with their side winning at any cost than learning about policy and engaging with their community for the greater good.

    Please reject the proposal to allow betting on election results and take a stand in favor of a healthy democracy. Thank you for your time.

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