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Comment for Industry Filing 23-01

  • From: Trina D Novak
    Organization(s):
    Common Cause

    Comment No: 72264
    Date: 7/21/2023

    Comment Text:

    Election gambling goes against the public interest. I urge the CFTC to say no to election gambling 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.

    Please do not allow election gambling. Thank you for your consideration.

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