Comment Text:
Political prediction markets are a dangerous slope to start riding down. Especially when large amounts of money get bet on particular outcomes, the risk of assassination due to increased payoff has to rise. All sorts of incentives to interfere in the normal political process, spread disinformation.
With Predictit, limiting the amount you could bet on each market the incentive to produce misinformation, fake polling, spreading lies about candidates, was much lower. Very little could be made with 850$ limits, and it makes any extreme actions much less likely. The best way to approach Democrat/Republican markets, is to either not run them, or run them with much more limited betting amounts, this is a dangerous precedent and could lead to people dying, reputations being ruined, and even more interference in the political process than we see today, all for monetary gain
I'd highly recommend the CFTC look into the fake polling companies started by predictit traders, this will propagate further into our political system, unless we cut off the toxic monetary incentives at the source.
