Comment Text:
Restricting the use of derivatives for event contracts could push market participants to seek alternatives outside the U.S., where regulations are less stringent. This could create a black market for these transactions, undermining the very oversight the CFTC aims to uphold. Instead of stifling innovation, the CFTC should work to create a regulatory environment that encourages responsible development. This will help maintain the integrity of the U.S. financial system while fostering growth.
