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Comment for Industry Filing 23-01

  • From: Alan Schenck
    Organization(s):
    N/A

    Comment No: 71722
    Date: 7/21/2023

    Comment Text:

    This proposal is not in the public's interest, and I believe the CFTC should reject it, for the following reasons:

    Allowing this proposal will undermine the integrity of our elections and our democracy.
    Allowing betting on election outcomes will create strong financial incentives for special interests to manipulate and interfere in our elections.
    Allowing this proposal will reduce voter confidence, and lead to a perception that election outcomes are not solely determined by voters’ choices, but also by those who bet on election results.
    Allowing this proposal puts personal gain ahead of the public interest.
    Allowing this proposal undermines the principle of one person, one vote – the bedrock of our democracy.

    Thank you for considering my comments.

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