Comment Text:
I am a retired military officer and I have developed a keen understanding of the importance of political stability and its impact on national security and economic policy. Election contracts, like those offered by Kalshi, provide a valuable tool for assessing potential political outcomes and their implications for security and economic stability. These contracts could offer a regulated environment for gauging market expectations about political outcomes, which is essential for understanding potential policy shifts and their impact on economic policies. The data generated by these contracts would enhance market transparency and support informed decision-making.
The proposed restrictions on election contracts by the CFTC would remove an essential tool for risk management and market clarity. Restricting them would drive this activity to unregulated markets, increasing risks and reducing the quality of available data. I strongly oppose the proposed rule and urge the CFTC to try to consider the broader benefits of these contracts.
