Comment Text:
As a financial analyst with 15 years of experience with two different major firms in New York, I understand the crucial role prediction markets play in our economy. Kalshi’s election contracts offer a unique opportunity for businesses to hedge against political risks, just as they do for other uncertainties like climate or business interruption risks.
Millions of businesses are impacted by shifts in Congressional control, which can influence legislation, regulatory environments, and overall economic activity. Without a transparent way to hedge these risks, businesses are left vulnerable to unpredictable changes. Kalshi’s contracts provide a much-needed tool for managing these political risks effectively.
Moreover, these markets enhance liquidity and price discovery, benefiting all participants. Unlike gaming contracts, election prediction markets hold substantial economic importance and are essential for risk management.
In my professional experience, having such regulated and transparent prediction markets would significantly improve the ability to navigate political uncertainties.
Thank you for your consideration.
