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Comment for Industry Filing 23-01

  • From: Gregory M Coyle
    Organization(s):
    N/A

    Comment No: 72168
    Date: 7/21/2023

    Comment Text:

    Dear Sirs,

    I wanted to write to express my concerns about the election gambling.
    This proposal will damage public interest, and the CFTC must reject it based on these facts:

    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 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 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.

    Thank you for your consideration.

    Best regards,
    Gregory Coyle

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