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Comment for Proposed Rule 89 FR 48968

  • From: Andrew Noland
    Organization(s):
    Trader

    Comment No: 73778
    Date: 6/14/2024

    Comment Text:

    The CFTC has proven time and again to be an organization of luddidites who are opposed to progress, particularly as it relates to prediction markets, which have unquestionable value to the world and the American public. Past Presidential administrations have even studied and supported prediction markets as helpful and efficient informational tools to shape policy. The CFTC's position here is akin to banning U.S. futures contracts in the 1800s or even banning financial markets altogether at our country's founding because of the risk of losing money. America is built on freedom, independence, and the free exchange of ideas, and prediction markets are examples of those concepts. It is incomprehensible how you think this is good policy for our country. The repeated gatekeeping of these markets has frankly shaken my confidence in our country's administrative systems as a whole. But let's be honest: We know the outcome here was predetermined, and this comment section is meaningless, simply a way for people to vent frustrations without any real CFTC consideration of their thoughts or viewpoints. No one will listen to or care about my comment, so carry on.

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