“The election gambling contracts pose significant public interest risk,” the CFTC’s lead attorney said during Thursday’s hearing. “The Commission noted serious concerns about potential adverse effects on election integrity, or the perception of election integrity, at a time where confidence in election integrity is incredibly low. These contracts would give market participants a $100 million incentive to influence either the market or the election, which could very certainly undermine confidence in election integrity. This is a very serious public interest threat.”
Related posts
-
FTX’s Caroline Ellison To Be Sentenced This Month for Role in Collapse of Crypto Exchange: Court Documents
New court documents reveal that former FTX executive Caroline Ellison is set to be sentenced later... -
CFTC Has No Authority to Second-Guess Election Contracts, Judge Says
“That question involves (relates to, entails, has as its essential feature, or any other iteration of... -
U.S. Election Betting: What's at Stake in Final (?) CFTC-Kalshi Showdown
Here’s how to listen to Thursday’s hearing in the closely watched federal court case over political...