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Comment for Industry Filing 23-01

  • From: James Kovac
    Organization(s):
    N/A

    Comment No: 71959
    Date: 7/21/2023

    Comment Text:

    I strongly *OPPOSE* the proposal of gambling on our elections. I urge the CFTC to *REJECT* this proposal. If allowed, this practice would have definite detrimental effects on our elections and our democracy for the following reasons:

    - 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.

    ***Please *REJECT* the proposal of gambling on our elections!

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