Comment Text:
These products are normal and common in the U.K. and other wealthy democracies. The CFTC has a mandate to promote responsible innovation, and this is exactly that. Kalshi has engaged extensively with the Commission for more than a year. Two Commissioners even oppose this review in the first place. These contracts would serve a valuable economic purpose by allowing individuals to mitigate risk that they face and be able to use the information embedded in the contract’s price to make better decisions about the future. For example, a green energy corporation can learn about the likelihood of a party that favors them coming to power–this is critical given the amount of government support they currently receive, and is very helpful for their investors, employees, and partners.
