Comment for Proposed Rule 89 FR 48968
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From:
Robert Brown
Organization(s):
Comment No:
74151
Date:
8/6/2024
Comment Text:
Fears that political event contracts would undermine democracy are overstated and overlook the benefits such financial tools can bring. In reality, a regulated and transparent market can provide powerful predictive insights without incentivizing criminal activity. The idea that such markets would encourage manipulation is based on theoretical concerns, not empirical evidence. Proper safeguards can mitigate these risks effectively. Instead, the focus should be on how these markets can help businesses and individuals prepare for political changes that directly impact their economic environment. Accurate, real-time data derived from these contracts could also replace flawed polling methods, leading to more informed decision-making across various sectors.
