U.S. Commodity Futures Trading Commission (CFTC) official who regulated political betting exchanges was assassinated
A former Obama and Trump administration official whose office ran a U.S. political betting exchange was shot dead in the nation's capital last week.
Mike Gill worked in the United States during the administrations of Presidents Barack Obama and Donald Trump. Commodity Futures Trading Commission (CFTC). From October 2016 to November 2019, Gill served as chief of staff to CFTC Chairman J. Christopher Giancarlo.
One week ago today, Monday, January 29, the D.C. Police Department responded. Shots were fired during an attempted carjacking in the 900 block of K Street NW. The location is approximately one-half mile northeast of the White House.
Police found Mike Gill, 56, inside the Jeep Grand Cherokee he recently purchased. He arrived to pick up his wife, Kristina, at her law office near Mount Vernon Plaza in the early evening.
Gill's head lay in a pool of blood on the pavement, one leg still on the driver's seat. The attacker fled on foot. Gill was hospitalized in critical condition for six days. He died on Saturday, February 3.
It is with deep sadness that I inform the community of the passing of my husband, Mike Gill. His sudden passing has left a void in our lives that can never be filled. His widow wrote: "We are grateful for the love and support of our family, friends and community during this sad time and express our sincere gratitude to all who have reached out to express their condolences and help."
Trump made the comments on his social media platform Truth.
“The wonderful and talented Mike Gill, a highly respected member of the Trump administration, was killed during a carjacking in Washington, D.C., recklessly and brutally shot in the head. He was A special man - his family and friends are devastated." The federal government must respond in Washington, D.C. take over. "God bless Michael and his family," Trump wrote.
OFFICER INVOLVED SHOOTING
The attacker, 28-year-old Artell Cunningham of Suitland, Maryland, then shot another man and carjacked his Chrysler 200. A rideshare driver then called 911 to report that his Nissan had been carjacked.
The following Tuesday, January 30, at approximately 1:30 a.m., a man driving a Nissan opened fire on a Maryland State Police cruiser that was intercepting a vehicle on southbound Interstate 95 at Route 198. Broken down vehicle. The Nissan opened fire on a marked Metro DC Auto police car on Interstate 295 Exit 1 around 2:30 a.m.
Prince George's County police located the Nissan a short time later and responded to an "officer-involved shooting," D.C. Police Deputy Chief Jeff Carroll said. Cunningham was killed in the crossfire.
The number of auto thefts in Washington, D.C., increased by more than 100 percent last year to nearly 1,000, with the majority involving firearms or deadly weapons.
PredictIt Supervision
The CFTC is an independent agency of the federal government established in 1974 that regulates the derivatives market, which includes futures, swaps and other types of options. In the gambling community, the CFTC is the most well-known federal agency, granting PredictIt the legal right to operate in the United States.
PredictIt is an online political betting exchange operated by Victoria University in New Zealand. The platform is a non-profit educational project that aims to determine whether betting markets can predict the outcome of certain events and political campaigns more accurately than traditional methods such as polls.
In 2014, the CFTC issued a no-action relief letter to PredictIt, allowing the platform to operate a non-profit political contracting market. During Gill's tenure at the agency, the CTFC allowed PredictIt to facilitate political betting in the 2016 presidential election, in which Trump defeated Hillary Clinton.
The Future of Gambling Market
Hill left the CFTC ahead of the 2020 election to pursue a career in the private sector. At the time of his death, he was senior vice president of capital markets for the Housing Policy Council, a trade group that advocates for competitive markets.
In August 2022, the CFTC announced its intention to withdraw its no-action relief letter, citing PredictIt’s violation of the terms of the document. PredictIt has since appealed the agency's decision and filed suit in U.S. District Court in West Texas. A federal court issued a preliminary injunction in January 2023, allowing PredictIt to continue operating while the case is pending in court.
Key to the lawsuit is whether Victoria University benefited from PredictIt, as the CFTC claimed. Victoria University said in a letter to the court in March that it only needed $2,000 a month to run the platform to cover its operating costs.
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Source: www.casino.org
