Comment Text:
Dear Commissioners,
I work in wealth management and have been using Kalshi and their economic markets to gain insights that are crucial for my field of work. The data provided by these markets has been instrumental in helping me understand market dynamics and provide valuable recommendations to our clients.
The addition of election contracts would be hugely beneficial to me and my colleagues, particularly given the significant impact elections have on the economy. Being able to leverage data from election contracts would enhance our ability to anticipate these changes and offer more precise and timely advice to our clients.
Election contracts should be legal, regulated, and safe, providing a structured environment for risk management and price discovery. They offer a level of predictive accuracy and real-time sentiment analysis that is unmatched by traditional polling methods. The data generated from these contracts can inform investment strategies, allowing us to better navigate the complexities of the financial markets.
The proposed restrictions on these contracts are misguided and fail to recognize their value in enhancing market transparency and efficiency. By prohibiting these contracts, the CFTC would be removing a valuable tool that helps wealth management professionals like myself make informed decisions and provide high-quality service to our clients.
I urge the Commission to reconsider the proposed rule and engage with stakeholders to understand the practical benefits of these contracts. A more informed regulatory approach that supports innovation and market integrity is essential for the continued growth and development of the financial markets.
Thank you for your attention to this matter.
Sincerely,
Medina Fernandez
