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Comment for Industry Filing 23-01

  • From: Stephen M Zettel
    Organization(s):
    private citizen

    Comment No: 72149
    Date: 7/21/2023

    Comment Text:

    I am absolutely opposed to allowing betting on the outcomes of US elections.

    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.

    For all of these reasons the CFTC must not legitimize betting on US elections.

    Stephen Zettel
    Sequim WA USA

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