Comment Text:
Election gambling goes against the public interest – we need to push back against disinformation and big money influence on our democracy.
Here are some ways that this proposal hurts the public interest and why the CFTC must reject it:
- 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.
