‘Gambling on democracy’: US regulators weigh election futures market

Financial Times – In a story about U.S. Regulators deciding if investors will be able to bet on elections, Healthy Markets Executive Director Tyler Gellasch is quoted saying “You can create a financial product or a gambling situation out of most events in the world. The question is: is that necessarily a good idea? And do you worry about market integrity and market manipulation of the underlying thing? It’s a lot to ask the CFTC to weigh in on gambling on democracy. There’s a big difference between betting on the price of cotton in a few months and the fabric of society itself.” (Full Story).

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