Comment Text:
Dear CFTC,
I have been in the insurance industry my whole life and I have seen the value of predictive markets in providing data for risk assessment and management. Election contracts provide a regulated and transparent environment for assessing market expectations about political outcomes, which is crucial for understanding potential policy shifts and their impact on insurance markets. The data generated by these contracts ups market transparency and supports informed decision-making in the insurance industry. The proposed restrictions on election contracts by the CFTC would remove an essential tool for risk management and market transparency. Restricting them would drive this activity to unregulated markets, increasing risks and reducing the quality of available data. Extending the comment period and engaging with stakeholders would provide a more comprehensive understanding of their positive impact on market efficiency and risk management in the insurance industry. Thank you for the time.
Sincerely,
Caley Thompson
