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Comment for Proposed Rule 89 FR 48968

  • From: Aaron Ramirez
    Organization(s):

    Comment No: 73876
    Date: 6/27/2024

    Comment Text:

    As a sports journalist, my career is built on the ability to predict outcomes, analyze trends, and provide in-depth commentary on a wide array of sports events. Kalshi’s sports contracts would be a revolutionary tool in my arsenal, offering unprecedented insights that could enhance the accuracy and depth of my reporting. The CFTC’s proposal to ban these markets feels like a personal blow to my profession.

    In the fast-paced world of sports journalism, having access to reliable, data-driven predictions can make the difference between a compelling story and an average one. These prediction markets are not just about placing bets; they represent a sophisticated method of aggregating expert opinions and statistical data into actionable insights. The transparency and regulatory oversight of Kalshi’s contracts ensure that the information is credible and trustworthy, which is crucial for maintaining journalistic integrity.
    For years, I’ve relied on a combination of traditional sources and gut instinct to predict game outcomes and player performances. However, these methods are increasingly insufficient in a world where data analytics drive every decision. Kalshi’s markets would provide a much-needed edge, allowing me to deliver more accurate forecasts and deeper analyses that resonate with my readers. The richness of the data available through these contracts would elevate my work, providing a solid foundation for my predictions and commentary.

    The CFTC’s stance undermines the value of these markets, dismissing them as mere gambling tools. This perspective is not only shortsighted but also damaging to professionals like myself who depend on accurate and transparent data to excel in our fields. By banning these contracts, the CFTC is effectively removing a vital resource that could enhance the quality of sports journalism and enrich the content delivered to fans worldwide. This decision feels like a step backward for both the industry and for those of us who strive to bring insightful, data-driven sports commentary to our audiences.

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