Comment Text:
I support KalshiEx's proposal to enable trading on Congressional Control Contracts.
I can think of almost nothing with more economic impact on American citizens and businesses than election outcomes.
Congressional control impacts me personally, and impacts my business (which impacts hundreds of people). In recent years, federal policies from healthcare to taxes have reshaped the business environment dramatically. I'd welcome the ability to hedge against such changes.
A fair, regulated market for trading these contracts would also bring much-needed visibility and forecasting potential to an arena that desperately needs it. The failure of traditional polling borders on the comically absurd. A legitimate trading market would be a step in the right direction.
Trading on the outcome of U.S. congressional elections already occurs on unregulated markets, in other countries, and via special access only for the ultra-wealthy of Wall Street.
Kudos to Kalshi for building the extensive protective rails to make it legal & accessible to all.
