Comment Text:
Election contracts would provide a regulated and transparent environment for assessing political outcomes, which is essential for understanding potential policy shifts and economic implications. The data generated by these contracts enhances market transparency and supports informed reporting on financial markets and political events.
I am a journalist who covers financial markets I have relied on election contracts, such as those offered by Kalshi, to provide accurate and timely reporting on market sentiment and political risk. These contracts offer valuable insights into market expectations and help inform my analyses and reporting.
The restrictions on election contracts set forth by the CFTC would significantly hinder the ability of journalists to access crucial (and legal / regulated) data and provide accurate reporting. Restricting them would drive this activity to unregulated markets, increasing risks and reducing the quality of available data.
I strongly oppose the proposed rule and urge the Commission to consider the broader benefits of these contracts and to vote no on the rule.
