Font Size: AAA // Print // Bookmark

Comment for Industry Filing 23-01

  • From: JonLuca DeCaro
    Organization(s):
    Self

    Comment No: 72162
    Date: 7/21/2023

    Comment Text:

    Dear members of the Commodity Futures Trading Commission,

    I write to you with an impassioned plea for the approval of election contracts. This approval is not just a matter of bureaucratic process, but indeed a clarion call for democracy, a true embodiment of our freedoms, and a beacon of truth in an often tumultuous sea of information. In an era where truth is besieged by a barrage of misinformation and disinformation, the approval of elections markets presents a unique and innovative mechanism to preserve the very essence of our democracy.

    The beauty of election markets lies in their inherent capacity to self-regulate, by drawing on the collective wisdom of the masses. They rely on the shared knowledge and prediction capabilities of their participants, making them a profoundly democratic instrument. Election markets serve as an embodiment of our shared belief in freedom of expression and thought. They act as a platform that invites active participation, encouraging a constant dialogue around our democratic processes, and by doing so, they can potentially shed light on the zeitgeist of our society.

    The introduction of election markets isn't simply a novel financial tool, but a stride towards transparency and freedom. They facilitate a verifiable, quantifiable measure of public sentiment, providing a unique lens through which we can view and analyze our society and its democratic inclinations. Every contract bought or sold would represent a voice in the democratic conversation, a testimony to the vibrancy of our public discourse.

    In these trying times where truth is often held hostage to the loudest voices, the CFTC has a monumental opportunity to bolster the democratic spirit that forms the bedrock of our nation. By approving election markets, you wouldn't just be enabling a new financial instrument. Instead, you'd be bolstering the underpinnings of our democracy and the principles we hold dear. I urge you to make a decision that echoes the spirit of freedom, a decision in favor of the approval of election contracts.

    Thank you for your consideration.

Edit
No records to display.