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Comment for Industry Filing 23-01

  • From: Brad Vlassich
    Organization(s):
    Kalshi

    Comment No: 72414
    Date: 7/22/2023

    Comment Text:

    I hope this message finds you well. I am writing to you today to express my unqualified and enthusiastic endorsement for Kalshi's application to offer political event contracts. Having observed Kalshi's growth and impact in the event contracts arena, I am confident that their expansion into political event contracts will not only serve as a pioneering step but also significantly contribute to our political and economic landscapes.
    Kalshi's reputation for maintaining a platform that's both innovative and impeccably regulated has earned it wide respect in the industry. Their commitment to transparency, security, and fairness sets them apart and positions them perfectly to responsibly manage the sensitive nature of political event contracts.
    These contracts hold the promise of democratizing political forecasting. They serve as a platform for citizens to express their expectations of political events, fostering a rich, informed, and diverse conversation about future political outcomes. It's a profound way of harnessing collective intelligence, promoting engagement, and fostering a more enlightened political discourse.
    Further, the introduction of political event contracts will offer a necessary tool for managing political risk. They offer an avenue for businesses, investors, and individuals to hedge against potential political disruptions. In these unpredictable times, having an instrument that facilitates proactive risk management is both prudent and necessary.
    Addressing potential concerns about misuse, Kalshi has proven their robustness in ensuring market integrity. Their track record for identifying and promptly addressing any irregularities should inspire confidence in their capacity to manage political event contracts. Additionally, the market discipline inherent in event contract trading ensures the maintenance of a healthy, legitimate, and transparent marketplace.
    It is with full confidence that I endorse Kalshi's proposal for offering political event contracts. Their expansion into this domain would mark a landmark step for the event contract market, enabling a proactive approach to managing political risk and enriching political discourse. It is my firm belief that Kalshi is excellently equipped to offer this service with the utmost responsibility, fairness, and integrity.
    Thank you for considering my endorsement. I genuinely believe in the potential benefits and impact of this proposal and eagerly await your positive decision.

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