Comment Text:
I would like to submit a brief comment in support of allowing KalshiEX to provide contracts on which political party will be in control of congress, as well as more broadly in support of allowing political outcomes to be on their platform.
In support I am submitting a paper I have written on the value to society and the economy of allowing political betting markets. In this, I provide an overview of how we learn from prediction markets, the benefits they generate, their advantages compared to other forecasts.
In particular, I would point to the following sections, however the entire paper is of relevance.
2.1. The Informational Value of Prediction Markets
2.2. Prediction Markets’ Successful Record of Forecasting
2.3. The Advantages of Prediction Markets
2.4. Criticisms and Opponents of Prediction Markets
Thank you for your consideration,
Adam Ozimek
