Posted on 08/24/2022 2:25:13 PM PDT by John Semmens
Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), has decided that PredictIt website must cease operations by February 15, 2023. PredictIt allows people to bet on election outcomes. Lately, the betting shows that only 20% expect Biden to be reelected in 2024.
Behnam chastised the website, saying "by allowing its customers to bet against President Biden PredictIt undermining the unity that the President is trying so hard to attain. They are also engaging in same kind of election interference that Russia did in 2016 that enabled Trump to steal victory from Secretary of State Hillary Clinton."
"There's also the issue of defrauding their customers," Behnam added. "All the experts, as well as people in the position to know how the 2024 election will turn out, are confident that Biden will easily defeat whoever runs against him just like he did in the 2020 election. No other Democrat stood a chance in the primaries. In the general election Biden got a record shattering 81 million votes. Even if Trump or DeSantis gets 100 million votes in 2024 it won't be enough to overcome Biden's projected 120 million. Predictit must be shutdown to protect its customers from ending up losing millions on a bad bet."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
https://www.gopbriefingroom.com/index.php?topic=478297.0
A quick search indicates Predictit really is closing.
And some people say Biden can’t get anything done.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.