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Comment for Industry Filing 23-01

  • From: Russell F Pekala
    Organization(s):

    Comment No: 71961
    Date: 7/21/2023

    Comment Text:

    I believe that Kalshi's election prediction products are useful and should be allowed. Individuals and companies pay attention to election polls and predictions, yet are not able to find sufficient information from current sources to plan effectively in their own lives. Current sources tend to be politically biased or based on non-representative samples of the population. I believe a markets-based approach is superior.

    The size of PACs and other committees that directly influence elections far outweighs the potential for election markets to distort elections. Markets like Kalshi are far more transparent than PACs and political advertising.

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