Comment for Proposed Rule 89 FR 48968
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From:
Tanner Feeley
Organization(s):
Comment No:
74210
Date:
8/7/2024
Comment Text:
The "economic purpose" test proposed for election contracts is arbitrary and fails to acknowledge their legitimate use in risk management. Numerous economists and businesses have identified clear hedging applications for these markets. I urge the Commission to reject this flawed proposal and recognize the real-world economic value of election contracts.