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Comment for Industry Filing 23-01

  • From: Lisa Stone
    Organization(s):
    N/A

    Comment No: 72274
    Date: 7/21/2023

    Comment Text:

    I join all those urging the CFTC to reject this proposal because it hurts public interest:

    In particular:
    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.
    It's obvious how dangerous election gambling would be for our democracy, along with the major influx of big money influence and disinformation that would come with it.

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