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Comment for Proposed Rule 89 FR 48968

  • From: Amy Ryder
    Organization(s):

    Comment No: 74052
    Date: 8/5/2024

    Comment Text:

    Dear CFTC Members,

    I am writing to say no to the proposed ban on election markets, particularly those that have a direct or indirect outcome on social media trends and digital engagement. As a social media analyst, I would be able to use Kalshi's prediction markets to analyze online discourse and predict trends in user behavior across digital platforms. These markets could also provide valuable data for assessing the impact of social media campaigns and influencer strategies on consumer engagement and brand perception. The proposed ban threatens to hinder innovation in digital analytics and limit opportunities for data-driven marketing practices. Instead of prohibition, I plead the Commission to engage with ALL industry stakeholders to develop regulatory guidelines that promote transparency and innovation and consumer safety.


    Amy

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