Comment Text:
I disapprove of the CFTC proposal to ban trading on election outcomes. This proposal is inconsistent with the letter and spirit of the law, and it's not in the public interest.
I can think of almost nothing with more economic impact on American citizens and businesses than election outcomes.
Election outcomes such as congressional control impact me personally and impact 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.
Please allow regulated exchanges like Kalshi to offer election contacts. This will give ordinary investors access to these important markets with safety and transparency.
