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Comment for Proposed Rule 89 FR 48968

  • From: Evan W Dowling
    Organization(s):
    Retired

    Comment No: 73723
    Date: 5/23/2024

    Comment Text:

    Investing in election prediction markets is not gambling. I, for one, never buy lotto tickets. That is gambling, but the government promotes the lottery because it skims significant revenue from it.

    My history with election prediction markets has been very successful. I consider election markets as PredictIt was safe investments, far safer than the stock market. All on has to do to win in election markets is to set one's biases aside and invest based on one's intelligence while keeping current with the news.

    So the government allows online sports betting, which is far more risky than investing in election prediction markets. The CFTC needs to do its job and not be pressured by political biases into creating delusional reasons for outlawing election markets.

    Otherwise, we voters will elect a president who will reform if not shut down the CFTC, leaving many of you feeding in the trough of taxpayer dollars out of work.

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