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Comment for Industry Filing 23-01

  • From: Jeremiah Romagnoli
    Organization(s):

    Comment No: 72315
    Date: 7/21/2023

    Comment Text:

    Dear Sir/Madam,

    I am writing to express my full support for KalshiEX LLC and its initiative to offer contracts related to the political control of each chamber of the U.S. Congress. As a concerned and engaged citizen, I firmly believe that innovations in financial markets, such as those introduced by KalshiEX LLC, play an essential role in promoting transparency, participation, and a deeper understanding of our democratic process.

    The introduction of contracts focused on political outcomes opens up new possibilities for investors, political analysts, and the general public alike. These contracts have the potential to provide valuable insights into the expectations and sentiment of the American electorate, facilitating a better-informed decision-making process for all stakeholders.

    By offering designated contract markets related to political party control of Congress, KalshiEX LLC encourages public discourse and empowers individuals to participate more actively in the political process. As a society, we should embrace such initiatives that promote civic engagement and foster a better understanding of the complexities of our democracy.

    Furthermore, it is important to recognize that a well-regulated and transparent platform, like KalshiEX LLC, can help mitigate potential risks and ensure the integrity of these political contracts. The CFTC's oversight and public comment process are critical to ensuring that appropriate safeguards are in place, which will ultimately benefit both investors and the broader public interest.

    In conclusion, I firmly believe that allowing KalshiEX LLC to proceed with its congressional control contracts is a positive step toward enhancing the accessibility and inclusivity of our democratic system. I urge the CFTC to support the growth of innovative financial products that foster civic participation and provide valuable insights into the political landscape.

    Thank you for considering my perspective. I trust that you will take this public comment into account during your evaluation process.

    Sincerely

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