Comment Text:
With this KalshiEX proposal, I am concerned about the dangers of election gambling and why it goes against the public interest. For one thing, it only is likely to increase big money influence on our democracy, thus further undermining the principle of one person, one vote, which is the foundation of our democracy.
Here are some other specific ways that this proposal hurts the public interest and why the CFTC must reject it:
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.
Thank you for your sincere consideration.
