Comment Text:
I feel strongly that a regulated political exchange market serves at least two vital purposes. Organizations who deem that a particular political outcome would be harmful to their business could hedge risk to offset potential financial damage incurred should a particular election outcome occur. This would allow certain organizations to focus on their core business and continue to attract new investment without being forced to wait for the outcome of a future election. Secondly, individual citizens should also be given access to a regulated, transparent market to hedge their own personal risks related to election outcomes. Currently, an individual needing to hedge political risk would need to resort to unregulated, offshore markets or, in extreme examples, physically travel to a regulated market such as Ireland or the UK to appropriately hedge political risk. Kalshi has proven itself as a trusted leader in the risk hedging space for financial outcomes and other outcomes that affect the ability of businesses to continue to operate without interruption. A logical next step for their product would be to add political outcomes to their existing market offerings.
