Today, the Commodity Futures Trading Commission (CFTC) rejected a request to legalize gambling on U.S. election outcomes. In July, Common Cause filed mga komento, co-signed by more than 15,000 of its members, strongly urging the CFTC to reject the proposal arguing that KalshiEX, LLC’s (“Kalshi”) proposed Congressional control event contract posed “new and profound threats to the integrity of our democracy and our elections.”

“Today’s decision by the CFTC to block a bid to legalize gambling on U.S. elections is a victory for the American people who expect and deserve free and fair elections,” said Marilyn Carpinteyro, Common Cause Interim Co-President. “The CFTC clearly recognized the extreme danger inherent in allowing legalized gambling on election outcomes. Gambling has no place in our elections. Our democracy is too precious and too fragile to further incentivize bad actors to attempt to manipulate election results. As a nation we should be working to strengthen Americans’ confidence in our elections, and today’s decision by the CFTC is a step in the right direction.”

Dati nang humingi si Kalshi ng pag-apruba sa CFTC na tumaya sa 2022 midterms ngunit sa huli ay binawi ang panukala nito matapos magpahayag ng mga alalahanin ang mga kawani ng Komisyon at inirerekomenda ang pagtanggi ang panukala.

Common Cause’s comments, co-signed by more than 15,000 members, urged the CFTC to reject Kalshi’s proposal pursuant to 17 C.F.R. § 40.11 as contrary to the public interest.

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