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Comment for Proposed Rule 89 FR 48968

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  • From: Thomas R Brimacombe
    Organization(s):
     None

    Comment No: 73821
    Date: 6/25/2024

    Comment Text:

    I am opposed to banning election futures markets on the basis that they are considered "gaming."

    I have found prediction markets, such as PredictIt.org, to be useful in seeing trends in the political arena. Crowd-sourcing opinions, especially when opinions have a financial stake, are more reliable and timely than polling data.

    In particular, PredicIt.org has placed a reasonable $850 limit on positions. This is not an arena for high-stakes gamblers, or wealthy individuals seeking to distort the market.

    Thank you for your consideration,
    Thomas R. Brimacombe

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