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Comment for Proposed Rule 89 FR 48968

  • From: Brian Park
    Organization(s):

    Comment No: 74068
    Date: 8/6/2024

    Comment Text:

    Dear Commissioners,
    Post-college graduation, I have entered the workforce specializing in public policy. I urge the CFTC to please reconsider the proposed timeline for the ban on election prediction markets. These markets could provide crucial data that informs economic forecasts and policy decisions. By allowing more time for comments, you can ensure a comprehensive evaluation of these markets' potential. Engaging with a broad range of stakeholders, including economists and policymakers, could offer valuable insights into how these markets function. For example, prediction markets might improve the accuracy of economic models by integrating real-time political data. This inclusive approach would ensure that all potential benefits and risks are carefully weighed before making any regulatory changes. Thoughtful and informed decision-making is essential for effective policy development.
    Respectfully,
    Brian

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