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Comment for Industry Filing 23-01

  • From: Sharon L Lindquist-Skelley
    Organization(s):
    Individual

    Comment No: 71720
    Date: 7/21/2023

    Comment Text:

    Elections must not be put on par with an NFL football game or a fishing tournament by allowing betting on the results.

    Allowing this proposal will undermine the integrity of our elections and our democracy.

    Allowing betting on election outcomes will create strong financial incentives for special interests to manipulate and interfere in our elections.

    Allowing this proposal will reduce voter confidence, and lead to a perception that election outcomes are not solely determined by voters’ choices, but also by those who bet on election results.

    Allowing this proposal puts personal gain ahead of the public interest.

    Allowing this proposal undermines the principle of one person, one vote – the bedrock of our democracy.

    Allowing election gambling would be dangerous for our democracy – and the major influx of big money influence and disinformation that would come with it.

    Our family strongly urges the CFTC to oppose the proposal to allow betting on elections.

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