Comment Text:
Having served in the military for over 30 years, I understand the importance of strategic foresight and risk management. Political outcomes significantly influence defense policies, military funding, and national security strategies. Kalshi’s election contracts provide a way to predict and prepare for these changes, offering a regulated and transparent tool for understanding political risks that can impact our national defense and broader economic stability.
The CFTC’s proposal to ban these markets is shortsighted and undermines the ability of individuals and businesses to manage political risk effectively. During my career, I saw how shifts in political power could lead to significant changes in defense budgets and policy directions. Having access to reliable and accurate predictive information through Kalshi’s markets would have been incredibly valuable for strategic planning and resource allocation.
Moreover, these markets enhance overall market transparency and liquidity, benefiting all participants. The rigorous regulatory oversight ensures that the data is trustworthy and free from manipulation, making it a reliable source for making informed decisions. The CFTC’s move to prohibit these contracts ignores the substantial benefits they offer and instead creates more uncertainty and confusion.
In conclusion, Kalshi’s election contracts would provide essential tools for risk management and strategic planning, not just for the financial industry but for national security and defense as well. We need more transparency and data to navigate the complexities of political risk, not less. The CFTC’s proposal to ban these markets is a step in the wrong direction and hinders our ability to prepare for and respond to political changes that impact our nation’s security and economic well-being.
