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Comment for Proposed Rule 89 FR 48968

  • From: Joshua Zelinsky
    Organization(s):

    Comment No: 73676
    Date: 5/23/2024

    Comment Text:

    The proposed rule is a bad idea. Election markets are not gaming or gambling in any reasonable sense. They are not based on random chance, and the trading of shares is not an aspect that shows up in gambling games. They are a way of using a market to functionally collate information from a large number of people. There is no reasonable situation where they are an unacceptable form of "gaming" but a regular stock market is somehow ok.

    Election markets also have a long-history of use in the US by academics, including work at the University of Iowa for decades now.

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