During a recent hearing, the Commodity Futures Trading Commission (CFTC) expressed significant concerns regarding election gambling contracts. The lead attorney for the CFTC emphasized the potential risks to public interest posed by these contracts.
The Commission highlighted the serious concerns about the impact on election integrity, particularly at a time when confidence in the electoral process is at an all-time low. The attorney pointed out that these contracts could provide market participants with a $100 million incentive to influence either the market or the outcome of the election, potentially undermining public trust in the integrity of the electoral process.
The attorney emphasized that the CFTC views this as a serious threat to public interest and urged caution in allowing such contracts to proceed.
