Comment Text:
I am concerned by CFTC’s rule proposal as a financial planner who advises high-net-worth clients. Kalshi's proposed election contracts have the power to provide valuable insights. These contracts would enable wealth managers and financial advisors like myself to anticipate market volatility, optimize investment returns, and mitigate tax liabilities for their clients. The CFTC's decision to restrict these markets limits the availability of risk management tools and hinders financial professionals' ability to provide informed advice in a rapidly changing economic landscape. Stakeholders in wealth management and financial services could utilize these contracts to preserve and grow wealth effectively, enhance investor confidence, and navigate complex financial environments with greater certainty. This approach would support long-term financial planning goals and ensure sustainable wealth accumulation strategies for clients.
