Key keywords: John Morgan, Florida billionaire, $100k political party naming contest, new independent political party, US two-party polarization, 2026 Florida elections, third party political movement, Morgan & Morgan founder John Morgan, the prominent Florida-based billionaire and founder of the nationwide personal injury law firm Morgan & Morgan, recently made national headlines when he announced a $100,000 cash reward for the member of the public who submits the winning name for his newly launching independent political party. Morgan, who has long been vocal about his frustration with the growing polarization of the United States’ dominant two-party system, stated in a press conference last week that the new party is designed to represent the large swath of American voters who feel abandoned by both the Democratic and Republican parties. “Nearly 40% of registered voters in Florida identify as independent, and there’s no party that actually fights for their priorities right now,” Morgan told reporters. “Both parties are too busy fighting culture wars and catering to their extreme bases to address the issues that actually impact working people: affordable healthcare, rising rent and housing costs, fair wages, cannabis legalization, and common-sense climate policy.” The naming contest, which launched on Morgan’s official personal website on October 12, is open to all legal residents of the United States aged 18 and older, with a submission deadline of November 30, 2024. Contest rules note that submitted names must be easy to pronounce, free of offensive or divisive language, and aligned with the party’s core values of pragmatism, inclusivity, and accountability to ordinary voters rather than corporate donors or special interest groups. The winner will not only receive the $100,000 cash prize, but will also be invited as a guest of honor to the party’s official launch event in Orlando in early 2025, and will have the opportunity to weigh in on the party’s initial policy working groups. As of October 22, Morgan confirmed that the contest has received over 27,000 submissions from across the country, with popular proposed names ranging from “Florida Common Sense Party” to “Working People’s Alliance.” Morgan has emphasized that the party will first focus on Florida state races in the 2026 election cycle, fielding candidates for governor, state senate, and state house seats, before expanding to federal races and other states in 2028. He has also pledged to not accept any corporate donations to the party, funding its initial operations out of his personal fortune to avoid undue influence from special interests.