Comment Text:
I am a media personnel and writer covering financial markets and regulations, I have seen firsthand how restrictions can stifle investor choice. Kalshi’s proposed election contracts offer a level of transparency and regulatory compliance that alternative predictive sources lack. These contracts can enhance market accuracy and competitiveness, providing valuable tools for investors to make informed decisions.
Polling data has become less reliable, and Kalshi’s market-driven predictions, backed by financial incentives, are a much-needed alternative. Concerns about manipulation are overstated; the transparency and regulatory oversight of Kalshi’s contracts make them a safer and more credible source of predictive information. Supporting these contracts would be a significant step towards improving market confidence and investor decision-making.
All things considered, this should not even be a debate!
CFTC, please consider an extension on this comment period. 60 days is not nearly enough time to allow for people to weigh in on this proposal. You have a track record of extending comment periods when appropriate -- and this is one of those times when more days to allow for comments is crucial. This process should not be rushed.
