Comment Text:
This is just another example of the Biden administration and Democrats using their power to over-regulate for the sake of regulation. There is no real concern with these markets, you know this! That is why the explanation for this rulemaking simply makes no sense to anyone.
It is sad that the CFTC is too concerned about Senator Warren's faux fear of these markets. What people are failing to realize is that Senator Warren is fearful of any market. She doesn't like markets, she doesn't like capitalism, and she does not like innovation. It continues to amaze me how much power she has over Democrats.
CFTC -- please do the right thing and recognize the value of these markets. But, most importantly, do your job and tell us exactly why these markets are a concern to democracy. Also, maybe engage with the industry, maybe ask questions, maybe give the industry appropriate time to weigh in on this. If you really believed that these markets are a threat, you would take action on Polymarket and other illegal actors who are operating illegally in this country without any action from our regulators.
That is not consumer protection. THAT is a threat to our safety!!!
